The Government announced its tax and spending plans in its latest Budget. The plans aim to increase economic growth and reduce financial pressure on households.
Among the measures announced, was a further reduction in National Insurance contributions.
In addition, the Government confirmed extra funding for Levelling Up. This includes £20 million for regeneration in Harlow.
Councillor Chris Whitbread, Chancellor of Essex, said:
A further cut to National Insurance contributions and the promise of more help for parents receiving child benefit, will hopefully go some way in easing the financial pressures many households are currently facing.
However, the announcements made today, while positive, will do little to mitigate the current financial pressures faced by local authorities. We need a serious commitment from central government to long-term, sustainable investment instead of one-off financial settlements. This will allow authorities to plan with certainty for the future and continue to deliver high-quality, essential services.
While I am proud that we have again been able to balance the books in Essex in our own budget, the fact remains that, like other public sector organisations, we are faced with more and more difficult financial decisions. Without further support from central government, this won’t change.”
The Government also announced the Household Support Fund would continue. It was due to end this month.
Councillor Louise McKinlay, Deputy Leader and Cabinet Member for Levelling Up, Communities and Business Engagement, said:
Having personally raised the matter of the Household Support Fund with a number of senior MPs, today’s announcement of a six-month extension is welcome news. It will avoid the sudden cliff edge end of key support and resources, brought in during Covid, to help the most vulnerable groups.
We will work with partners, charities and organisations to help prepare for the transition beyond the six months.”