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This blog post was published under the 2015-2024 Conservative Administration

https://mhclgmedia.blog.gov.uk/2020/08/26/response-to-the-financial-times-on-council-finances/

Response to the Financial Times on council finances

Posted by: , Posted on: - Categories: Council finance

On 26 August the Financial Times reported that Croydon Council has approached the department for additional financial support and that other councils could follow.

The Ministry is clear that councils – including Croydon - have received unprecedented financial support to deal with the impact of the pandemic. Here is our full statement, only part of which was included in the article:

An MHCLG spokesperson said: 

While councils are responsible for managing their finances, we are working with the council to understand the range of financial issues they are experiencing.

Croydon Council has been allocated over £23.5 million in un-ringfenced Covid-19 funding. In addition, the council’s core spending power saw an increase of nearly £20.8 million this financial year even before additional emergency funding was announced.

 

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