| answer text |
<p>The Spending Review settlement took into account a wide range of cost pressures.
We announced around £1.6 billion additional grant for local government in 2022/23,
including funding for Supporting Families and Cyber Resilience. The Local Government
Finance Settlement made available £54.1 billion in 2022/23 for local government in
England, an increase of up to £3.7 billion on 2021/22.</p><p>We acknowledge that inflation
forecasts are higher than they were at the Spending Review. How that interacts with
the finances of local government is not straightforward. For example, some councils
will have energy contracts expiring soon, whereas others will be fixed for some time.
We are working with local authorities to more fully understand the nature of the issues
that have emerged in recent months, considering the issue of rising inflation along
with other challenges such as energy price rises and the Russian invasion of Ukraine.</p><p>The
Chancellor will set out further details of it’s the government’s Medium-Term Fiscal
Plan on Monday 31 October. The OBR forecast will also be published on that date.</p>
|
|
