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<p>I announced the police funding settlement for 2018-19 which will see an additional
£450m invested in the policing system, around £270m direct to PCCs. This strong and
comprehensive settlement combined with the current levels of reserves will enable
the vast majority of PCCs to protect or improve frontline policing.</p><p>As at March
2017, PCCs held over £1.6bn of public money in usable resource reserves, significantly
more than in 2010-11. Reserves are an important tool for police leaders, but this
is taxpayers’ money and we need real transparency about how it is being used. That
is why in January the Government published information on police reserves and provided
guidance to PCCs making clear that they must be more open with taxpayers about their
plans to use them.</p>
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