- Reference: 2024/0681
- Question by: Krupesh Hirani
- Meeting date: 22 February 2024
In your Background Statement in support of your Draft Consolidated Budget for 2024-25 you say, “The provisional local government finance settlement did not directly uprate the approximately £1.1 billion of former TfL capital investment grant within the GLA’s settlement baseline funding for the second year running. Had the government uprated this funding on the same basis as used for rest of the local government settlement, provided via retained business rates since April 2023, it is estimated that TfL’s capital funding would be more than £100 million higher in 2024-25”. What reasons, if any, has the Government given for not uprating...