London councils to lose millions in funding despite high poverty levels

Ministers face backlash after analysis of proposed shake-up finds more than 10% drop in finance for some areasMinisters face a backlash from Labour-run town halls after it emerged deprived inner-city London councils stand to lose millions of pounds under a proposed funding shake-up despite promises to redistribute cash away from wealthy areas.Central London councils with high levels of poverty and homelessness, including Camden, which includes Keir Starmer’s parliamentary seat, could lose more than 10% of their funding under the proposals, according to the Institute for Fiscal Studies (IFS). Continue reading...

Comments

Business News

Flutter upgrades full-year forecast as FanDuel steals the show

Evening Standard

Comments

Similar News

The Guardian view on the London Stock Exchange: its struggles are symptoms of a broken growth model | Editorial

JKS Restaurants, Famed London-Based Hospitality Group, Expands Stateside

Boost for London as Glencore abandons US listing plans amid fears firm would not make the S&P 500

Boost for London Stock Exchange as £35bn mining company U-turns on move to US

Glencore to stick with main listing in boost to London market

Glencore to stick with main listing in boost to London market

Miner Glencore decides against moving stock market listing from London to US

How YOU can grab a bargain home in London or a commuter hotspot: Experts say now is the time to get a deal

My sister and I took my mom to London for her 70th birthday. It reminded me of our childhood trips together.

The taxwoman cometh... with her sights set on London

Fears that London house price fall will spread through UK

5 London Restaurants Worth Booking In August 2025

Two pubs claim to be London's oldest riverside pub. Which one is right?

South London companies with faked accounts claiming £1.6bn turnover shut down by High Court

Donatella Versace-designed flat in London's Nine Elms goes on the market for £10.7m

Londoners 'most likely to be targeted by online or text scams'

Street versus sky: Why Londoners need to look down as well as up

Modest growth in new UK home registrations as London sees 59% annual fall – NHBC

Modest growth in new UK home registrations as London sees 59% annual fall – NHBC

Modest growth in new UK home registrations as London sees 59% annual fall – NHBC

Business News

Flutter upgrades full-year forecast as FanDuel steals the show

John Lewis revamps beauty halls with Rihanna’s Fenty Beauty joining brand roster

Bidding battle for Assura heats up as competition watchdog takes further action

Shopping addiction: Signs you’re out of control

FTSE 100 Live 08 August: Japan stocks surge, index rallies after rates setback

What is loud budgeting?

San Diego Padres Zig, When Other MLB Teams Zag

'National Living Wage should be enough to live with, not just survive'

New rules mean £40 could be claimed by people with smart meters

I have £30,000 in a Sharesave scheme: How can I avoid tax when I sell the company stock?

We bought a new car with cash... the salesman wasn't happy and thanks to the finance scandal, I know why: LEE BOYCE

Most wealthy Britons FAILED this inheritance tax quiz - can YOU ace it?

Number of borrowers over 36 taking out 35-year mortgages surges 251%

She pitched a new department at Google. Here's her advice on selling big ideas to leadership.

'This tasty 4p supermarket cola could easily pass for a glass of real Diet Coke'

Wowcher shoppers looking for better sleep save on branded mattresses with deals

Life-like robots for sale to the public as China opens new store

Dario Amodei says Anthropic hasn't been hit as hard as rivals in the AI talent wars &mdash; and it boils down to 2 things

The Big Tech Visa: 7 current and former Big Tech employees share their H-1B visa stories

Disney settles the Elon Musk-funded Gina Carano lawsuit

Baby bank opens bigger premises to meet demand

Mandalorian actress settles lawsuit with Disney over firing

Baffert Continues To Cultivate Talent At Del Mar

48p-a-day supplement 'solved tummy issues' for shoppers but deal ends soon

Meet Stephen Miran, Trump's newest Federal Reserve Board pick

Crocs shares slump as US shoppers rein in spending

Rachel Reeves said this flagship policy would raise money - it may end up doing the opposite

Roman Anthony Signs An 8-Year $130 Million Extension With The Red Sox

NFL Rule Changes: Hawk-Eye First Down Calls And More Kickoff Changes Among 2025 Tweaks

Today’s Wordle #1511 Hints And Answer For Friday, August 8th

A Meta manager explains how she thinks about hiring: curiosity and constant learning matter more than a degree

Trump's latest executive order banning 'debanking' takes aim at an industry that cheered his return

Citroen must urgently improve ‘chaotic’ airbag recall – Which?

Estimated £2.5m lost to football ticket scams as fans urged to be cautious

Hoped-for summer boost for retailers failed to materialise, figures show

Used car market almost back to pre-Covid levels

Burger King, Popeyes parent company RBI suffers mass earnings fall as expenses continue to rise

NYC upscale supermarket chain Morton Williams sold to ShopRite owner

JPMorgan denied it debanked former Kansas governor Sam Brownback over conservative, religious views: report

Disney settles Trump supporter Gina Carano’s lawsuit after her firing from ‘Mandalorian’

Estimated £2.5m lost to football ticket scams as fans urged to be cautious

£2.5million lost to football ticket fraudsters in last two seasons

Why The Probe Into Former Special Counsel Jack Smith Is Really About 'Reputational Damage': Attorney

Trump Admin Could Be Looking At Ghislaine Maxwell As Epstein's 'Client List': Defense Attorney

OpenAI Releases GPT-5—Here’s What’s New With The AI Model Behind ChatGPT

L.A. Chargers Suffer Devastating Setback With Rashawn Slater’s Injury

Thursday, August 7. Russia’s War On Ukraine: News And Information From Ukraine

Signed! Trump Order Opens 401(k)s To Crypto, Real Estate, And More

5 Netflix Shows That Are Perfect For Fans Of ‘The Hunting Wives’

GPT-5 Is Launched But The AI Clearly Is Neither AGI Or Artificial Superintelligence

The ‘South Park’ JD Vance Parody, Explained

Citroen blasted for 'chaotic' stop-drive safety recall as 100,000 drivers face months without cars

I feel more Chinese in the US and more American in China. I have to switch between 2 personalities.

You can now use TikTok to book hotels &mdash;&nbsp;and creators could score a payday

Why shoppers are shunning the high street as UK footfall continues to decline

Used car market almost back to pre-Covid levels

Carney says he’s focused on building up Canada but talks with U.S. continue

Dario Amodei says Anthropic hasn't been hit as hard as rivals in the AI talent wars — and it boils down to 2 things

You can now use TikTok to book hotels — and creators could score a payday