FOI request details

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Request

Subject: Provisional Local Government Finance Settlement

Reference: WBC-FOI-00859

On 19th December 2022 the Secretary of State for Levelling up, Housing and Communities released details of the provisional local government finance settlement for 2023/24. I would therefore like to request

  • The change to your Core Spending Power (CSP) for 2023/4 over 2022/3 as a result of the local government finance settlement?

  • The impact of inflation on the council's 2022/3 budget, as measured against the original 2022/3 budget?

  • The estimated impact of inflation on the council's budget for 2023/24?

  • How much you had originally forecast the inflationary increase in costs to be for a) 2022-3 and b) 2023-4 in percentage and actual terms?

  • Details of any loans (PWLB or money market) taken out by the council after 30/9/22 and the loan provider, terms and time period for these loans?

Response

Part Disclosed - 9 March 2023

The change to your Core Spending Power (CSP) for 2023/4 over 2022/3 as a result of the local government finance settlement?

This information is published on the Government website: https://www.gov.uk/government/publications/core-spending-power-provisional-local-government-finance-settlement-2023-to-2024

Therefore we judge that this information is exempt from disclosure under S21 of the FOI Act.

The impact of inflation on the council's 2022/3 budget, as measured against the original 2022/3 budget?

Please see Page 23 of: https://democracy.wandsworth.gov.uk/documents/s102152/A05%2023-084%20Council%20Tax%20Requirement%20and%20Council.pdf

Therefore we judge that this information is exempt from disclosure under S21 of the FOI Act.

The estimated impact of inflation on the council's budget for 2023/24?

Please see paragraph 6 of page 3: https://democracy.wandsworth.gov.uk/documents/s102152/A05%2023-084%20Council%20Tax%20Requirement%20and%20Council.pdf

Therefore we judge that this information is exempt from disclosure under S21 of the FOI Act.

How much you had originally forecast the inflationary increase in costs to be for a) 2022-3 and b) 2023-4 in percentage and actual terms?

Our latest budget estimates are on page 23 of: https://democracy.wandsworth.gov.uk/documents/s102152/A05%2023-084%20Council%20Tax%20Requirement%20and%20Council.pdf

Our previous budget estimates are on page 7 of: Microsoft Word - 22-

MTFS WIP (wandsworth.gov.uk)

Therefore we judge that this information is exempt from disclosure under S21 of the FOI Act.

Details of any loans (PWLB or money market) taken out by the council after 30/9/22 and the loan provider, terms and time period for these loans?

The Council have not taken out any loans since 2012.

Please note that our responses were accurate to the best of our knowledge at the time of release, and have not subsequently been updated. This information should be considered an historical record only.