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Evening Standard
Evening Standard
Jonathan Bunn

Urban councils expecting huge losses under feared late funding formula change

Urban councils in the Midlands and north of England are expecting a “perverse” late adjustment to proposed funding reform which they fear would deprive them of hundreds of millions of pounds.

Concerns are focused on what has been described as a last minute Government decision to increase the impact of housing costs in an updated formula for measuring deprivation which would determine grants to local authorities.

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