60 billion pound financing package for English authorities

Michael Gove, the Secretary of State for Levelling Up, has today (19 December 2022) agreed a nearly £60 billion package for councils in England for the next fiscal year, ensuring that councils can continue to provide essential frontline services.

The settlement means councils throughout England will receive an additional £5 billion, a 9% increase over last year's settlement, as the government continues to support councils and public services despite mounting financial pressures.

The agreement for the following year contains a one-time Funding Guarantee that ensures every council in England will get at least a 3% increase in core spending power before any local decisions are made regarding council tax. Alongside this, the government confirmed today a new £100 million scheme for councils to safeguard the most vulnerable households from council tax hikes, fulfilling the campaign pledge to protect local taxpayers from excessive increases.

Social care is also a priority, with the government giving an additional $2 billion in grant funds for adult and child social care in 2023/24. Additionally, NHS England will get £300 million to help increase capacity by facilitating patient discharge.

After listening to councils, the government has provided greater clarity through 2024/25 by defining spending for the next two years, allowing town halls to confidently plan ahead.

Comments

Unlocking the Secrets of the World of Finance

In today's fast-paced global economy, understanding the intricacies of finance is paramount for both individuals and businesses alike. Finance serves as the lifeblood of any economic system, fueling growth and prosperity. Our team at AIPRM Corp is dedicated to providing you with comprehensive insights into the world of finance. In this article, we delve deep into the financial landscape, unraveling its various components and complexities. Navigating the Financial Landscape Finance: A Holistic Perspective Finance encompasses a wide array of financial instruments and institutions, each playing a unique role in the broader financial system. At its core, finance involves the management of money, investments, and assets. Our comprehensive exploration of finance will leave you well-informed, whether you're a seasoned investor or a newcomer to the world of finance. Financial Markets and Instruments The world of finance thrives within a complex web of financial markets and instrument...

In other words, what does it mean when someone says that something is a "double top"?

When an asset reaches a high price twice in a row with a small price decrease in between, a double top, a highly unfavorable technical reversal pattern, occurs. It is common for the financial markets to see two peaks at once. When the asset's price drops below the low point between the two prior highs, this pattern is verified. The Meaning of a Double Top. The formation of a double top may indicate a shift in an asset class's medium- to long-term trend. Above is a chart depicting the double top pattern that formed in shares of Amazon.com, Inc. (AMZN) between September 2018 and October 2018 at a price of $2,050. In this case, the amount of backing that grew to roughly $1,880 was really significant. The double top was not verified until the price of the stock dropped below $1,880, even though it had fallen by about 8% from its October high. After that, the share price fell progressively, eventually settling at a level nearly 31% lower than its previous high. Using Netflix Inc. (...

Search This Blog