Agenda item

Joint report of the Chamberlain and the Remembrancer.

The Committee received a joint report of the Chamberlain and the Remembrancer informing Members of the relevant provisions of the Local Government Finance Bill, which had been recently introduced in Parliament. The Remembrancer noted that the financial consequences of the Bill would depend on circumstances in the coming years, but that the changes were thought to carry more up-side potential for the City than down-side. The Chamberlain added that proposals for further devolution to London would, if pursued, bring a different set of opportunities and risks for the City.

RESOLVED – That the Committee receives the report, and notes the provisions of the Bill and the actions anticipated in respect of it.