Commenting on today's announcement of the provisional English local government finance settlement for 2014-2015, Simon Hughes, MP for Bermondsey and Old Southwark, said:
'As well as giving councils a range of new powers through the 2011 Localism Act, Liberal Democrats always try hard to make sure the annual funding decisions for local councils are as fair and proportionate as possible. We have been trying to sort out the financial mess left behind by Labour, and this has meant taking tough decisions to get a grip of our public finances.
Today's announcement that Southwark will receive £353.473 million from central government during 2014-15 is a decent deal for the local community. Even after a small reduction in funding, Southwark will receive £2,846.42 this year and £2,710.43 next year for every household - which is more funding from central government for each household in Southwark than the average household funding in Lambeth, Lewisham or Westminster, and is amongst the highest in London.'
Note to editors:
Since 2010, Southwark has also been the recipient of a number of special grants and funding allocations. These include £15.8million between 2011 and 2013 from the New Homes Bonus with an additional £10 million next year, as well as £100,000 from the High Street Innovation Fund, £10,000 from the Town Team Partnership Fund and £10,000 from the Post Office Community Enterprise Fund.