England's councils will receive a £60 billion cash package.

Michael Gove, the Secretary of State for Levelling Up, has today (19 December 2022) approved a nearly £60 billion funding package for councils in England for the next fiscal year to ensure that councils can continue to provide important 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 amid financial difficulties.

The deal for next year contains a one-time Funding Guarantee that ensures every council in England will get at least a 3% increase in core spending power prior to any local choices being made regarding council tax. Alongside this, the government confirms 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.

In 2023/24, the government will provide an additional $2 billion in grant funds for adult and child social care. Also included is £300 million for NHS England to help increase capacity by facilitating patient discharge.

As a result of listening to councils, the government has provided greater clarity through 2024/25 by defining spending for the following two years, allowing town halls to confidently plan ahead.

Comments

When is the best time to buy cryptocurrency?

It's important to remember that, unlike traditional stock markets, the cryptocurrency market is open 24 hours a day, 7 days a week. Bitcoin can be bought at any time and from anywhere by anyone with an internet connection. A study found that the best days to buy Bitcoin are Sundays and Mondays, when the price of the cryptocurrency is the lowest. The best time to buy BTC is Sunday evening because trading on all cryptocurrency exchanges tends to slow down over the weekend. The big US derivatives company CME Group takes the weekend off. Every day, institutional investors trade more than $500 million worth of bitcoin, which is a big chunk of bitcoin's total volume around the world. When should you buy crypto? Since crypto trades all day, even into the early morning hours (no matter where you live), it can be hard to time your trades to a certain time of day. But if you look at data from a few months, you can see a few very broad trends. Trading for Bitcoin (CRYPTO: BTC), Ether (CRY...

Bitcoin mining stocks surge alongside the broader market as investors anticipate a less aggressive Federal Reserve.

In anticipation of a highly anticipated U.S. CPI report later this week, the BTC price reached its highest level in three weeks. Shares of publicly traded Bitcoin BTC tickers down $17,219 miners surged on January 9 as traders flocked to equity markets in anticipation that the Federal Reserve of the United States will soon be able to ease its aggressive fight against inflation. During intraday trading, Bitcoin mining stocks Riot Blockchain (RIOT), Hut8 (HUT), Bitfarms (BITF), Marathon Digital Holdings (MARA), and others posted double-digit percentage gains. The rally coincided with a broad uptick in equity markets, with the large-cap S&P 500 Index increasing by 1% and the technology-focused Nasdaq increasing by 2% before paring gains. The U.S. Consumer Price Index report due out later this week is anticipated to show a continuation of the moderation in price pressures. The Labor Department reported on January 7 that job creation and wage growth slowed in December, indicating that th...

Once again, Argentina's World Cup falls during a period of high inflation

According to Bloomberg, yearly inflation in Argentina is anticipated to exceed 99% this month and economists anticipate it to approach three figures soon as the team gets ready for Sunday's World Cup final. Inflation in 1986, the year Diego Maradona led the Albiceleste to victory, averaged 116%. Data and surveys from the central bank show that the rate was 176% in 1978, the year that Argentina won the game it hosted. Lionel Messi, who was born in 1987, a year after Argentina won the World Cup, and is viewed by the supporters as Maradona's successor, will play in his final World Cup match against France. A nation once again experiencing tough economic times has been pleased by the team's run to the final match, which was motivated by their talisman and involved them avoiding early elimination and posting five straight victories. This country's consistent economic strength, nevertheless, does not necessarily predict its success at the World Cup. The team saw a hyperinflat...

Search This Blog