On the Day Briefing
The Spending Review determines how the Government will spend public money over the course of this Parliament by setting budgets for each central government department. The Autumn Statement is an annual update of the Government's plans for the economy. This year the Spending Review and Autumn Statement are combined.
Core central government funding, comprising business rates and revenue support grant, to local government will fall by 24 per cent in real terms over the Spending Review period. When taking into account OBR forecasts of other income raised locally by councils, the overall position is a 6.7 per cent real terms reduction.