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Response to the Financial Times on council finances

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On 26 August the Financial Times reported that Croydon Council has approached the department for additional financial support and that other councils could follow.

The Ministry is clear that councils – including Croydon - have received unprecedented financial support to deal with the impact of the pandemic. Here is our full statement, only part of which was included in the article:

An MHCLG spokesperson said: 

While councils are responsible for managing their finances, we are working with the council to understand the range of financial issues they are experiencing.

Croydon Council has been allocated over £23.5 million in un-ringfenced Covid-19 funding. In addition, the council’s core spending power saw an increase of nearly £20.8 million this financial year even before additional emergency funding was announced.


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