Issue - meetings
Chancellor of Exchequer Budget 2009
Meeting: 28/05/2009 - Cabinet (Item 23)
The Cabinet considered a report from the Director of Finance which presented a brief summary of the major implications for Local Authorities arising from the Chancellor of the Exchequer’s 2009 budget presented on 22 April 2009.
The Budget had not made any significant changes to the three year settlement set out in the 2007 Comprehensive Spending Review, which ran to 2010/11. The efficiency target for Local Authorities would be increased from 3% to 4% from 2010-11. For Wirral this represented an increase from £9.5m to £12.7m.
The Leader of the Council referred to the substantial rise in Government borrowing and the increasingly difficult financial situation which would need to be addressed.
Resolved – That the report be noted.