Nottingham Labour have today (4 March) voted to pass the officer-proposed budget in Full Council.Councillors have a legal obligation to set a balanced budget. Without… Read More »Nottingham Labour passes budget under duress
Nottingham City Council’s request for Exceptional Financial Support (EFS) has been agreed in principle by the government.
This does not mean that we are being bailed out by the government or that the government is granting us extra funding. It merely is permission to use our own money in a different way. It will allow us to use the money raised by selling off property and assets, to cover the day to day running costs of the council.
The government has announced it’s final Local Government Financial Settlement. To the great surprise of no one, this settlement is nowhere near enough to meet… Read More »Reaction to final Local Government Financial Settlement
Nottingham Labour have today (18 December) accepted the Section 114 Report issued to Nottingham City Council by the Chief Finance Officer – and agreed the next steps required to reach a balanced in-year budget.
This is a difficult day for Nottingham, but the elected members of the city are committed to working with Chief Finance Officer to provide a credible response to the Section 114, so that we can be part of the solution.
Nottingham City Council has published details of a public consultation on new proposals to balance its budget for 2024/25. The four-week consultation will be formally… Read More »Budget Consultation launches
Nottingham City Council (NCC) has today issued a Section 114 notice due to the in-year budget overspend for 2023/24. The reason for this is simple:… Read More »Response to Section 114
The recent comments made by Rishi Sunak regarding Nottingham City Council are very disappointing, but not unsurprising. He once again is seeking to abdicate responsibility for the actions and failures of this Conservative government.
Local government finances are beyond repair. Every week, councils are announcing budget deficits that they have no chance of balancing. Major councils such as Birmingham are declaring Section 114’s meaning that they cannot meet their legal obligation of a balanced budget. This is not an issue for just one party. Labour, Conservative, Liberal Democrat or Independent, all councils are struggling. City councils or County and Borough councils, the issue of local government finance is affecting the whole country.
Jeremy Hunt has announced a new budget today. Once again it is a budget devoid of real ideas, a budget that will not provide the… Read More »A budget of managed decline
Nottingham City Council’s executive board will next week consider a paper with proposals to set a balanced budget over the four years of the Medium Term Financial Plan.