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Housing Today
Trusted media brand of the Chartered Institute of Housing
Councils urge chancellor to take ‘immediate action’ as one in four councils risk needing bailouts
LGA says Budget must provide councils with financial stability to protect the services
One in four councils expect to require government bailouts in the next two financial years if no additional funding is provided, a survey by the Local Government Association (LGA) has revealed.
The LGA’s survey of 195 council chief executives found that one in 10 of them had reported having a conversation with Ministry of Housing, Communities and Local Government (MHCLG) to discuss the possibility of requesting exceptional financial support (EFS) during the current financial year.
By 2027/28, the proportion of councils anticipating that they will need EFS rises to 32%.
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