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Andrew Stunell: Putting councils back in control of their own finances

July 18, 2011 6:23 PM
Originally published by UK Liberal Democrats

"The current formula grant system is broken - it is far too complex and lacks transparency. For too long councils have had to do what Whitehall told them and could only spend what Whitehall gave them.

"Today's announcement will give councils much greater freedom to raise their own money and promote growth in their areas.

"Crucially, no council will lose out in the first year of the scheme and there will be a system of tariffs and top ups so that the richest authorities share the proceeds of growth and the areas of greatest need are protected.

"This is a big step towards the empowerment of local communities, and it is vital to get it just right. The consultation on our proposals is an important part of the process, and I want to hear people's responses loud and clear in the coming weeks.

"When it comes to localism, this government is determined to practice what it preaches."