My Labour administration supports debt cancellation…as part of a funding solution

Bristol Council Mayor has emailed us. "I have called on national government to underwrite the true costs of the pandemic to local authorities, including lost income. My Labour administration supports debt cancellation, including through the Public Works Loan Board, as part of a funding solution. We have also highlighted changes to the funding formula which … Continue reading My Labour administration supports debt cancellation…as part of a funding solution

Preventing a new round of local government austerity

Martin Wicks assesses results of the debt cancellation campaign so far and how we can advance it as the financial crisis of local authorities spirals out of control Read on below or download a PDF heredebtcampaignassessmentDownload The financial crisis of local government, precipitated by the pandemic and the lock-down, is rapidly coming to a head. … Continue reading Preventing a new round of local government austerity

Councils could need at least £6 billion more than current government emergency funding

The Local Government Association has said that the costs and losses of income in March, April and May are around £3.2 billion. This is the sum in the two tranches of emergency funding given to councils by the government thus far. But councils could need at least £6 billion more to cover the costs of … Continue reading Councils could need at least £6 billion more than current government emergency funding

MPs join call for £82 billion debt cancellation for crisis-struck local authorities

Claudia Webbe, a signatory of our statement, has gained the support of 27 other MPs, who have written to Chancellor Rishi Sunak, calling on him to cancel local authority debt. Here is her press release. Claudia Webbe, Member of Parliament for Leicester East, with the support of cross party MPs has written to the Chancellor … Continue reading MPs join call for £82 billion debt cancellation for crisis-struck local authorities