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Local Government Financial Statistics England No.18 2008

Published 15 May 2008
Type(s) Statistics, Reports and summaries
Site Local government
Product code 07LGSR05200
ISBN 9781851129492
Price £30 (free to download below)

Summary

The compendium publication Local Government Financial Statistics England 18 2008 was published on 15 May 2008 by Communities and Local Government. This is a National Statistics publication released under the auspices of the UK Statistics Authority.

From current and capital expenditure to council tax and local authority pensions, the 18th edition of Local Government Financial Statistics England brings together data from a wide range of sources to paint a comprehensive and vital overview of local government finance in England.

This latest edition contains outturn figures for the years up to 2006-07 and estimates for 2007-08. This is an essential guide to local authority financial systems, both past and present and contains detailed commentary, tables, time series, full colour charts and maps.

Local Government Financial Statistics England 18 2008 tells us that:

  • In England, local authorities' total expenditure was £144 billion in 2006-07.
  • In 2006-07 local authorities employed about 1.7 million full-time employees (FTE) staff and 51 per cent of the service expenditure (gross of income) was spent on these employees.
  • Approximately 61 per cent of local authorities' gross income in 2006-07 came from central government. About a fifth of the central government contribution came from re-distributed non-domestic rates. Other income included council tax, sales, fees & charges, council rents and capital receipts.
  • The largest share of net current expenditure in 2006-07 was on education services with 37 per cent of the total. Social services accounted for a further 17 per cent, housing (excluding Housing Revenue Account) 14 per cent and police 11 per cent.
  • In 2007-08 the average Band D council tax, for a two adult household, was £1,321.
  • In the North East, 57 per cent of dwellings are in council tax Band A, compared to just 3 per cent in London.
  • Average in year council tax collection rates nationally have increased from 92.6 per cent in 1993-94 to 96.9 per cent in 2006-07.
  • The average in year council tax collection rate in Inner London Boroughs has risen from 76.0 per cent in 1993-94 to 94.5 per cent in 2006-07.
  • Local authority capital expenditure has risen from £9.7 billion in 2001-02, to £16.3 billion in 2006-07.
  • In 2006-07 capital expenditure of almost £2.3billion was financed by unsupported borrowing, under the new prudential system in place since April 2004 (14 per cent of the total).
  • About 53 per cent of all local authorities used the powers of self-financed borrowing to finance capital expenditure in 2006-07. However, use varied considerably between 97 per cent of metropolitan districts and 34 per cent of shire districts.
  • The value of local authority fixed assets is estimated at £244 billion on 31 March 2007.
  • Local authorities' total outstanding debt at 31 March 2007 was just over £48.6 billion; the largest proportion of which is owed to the Public Works Loan Board (77 per cent).
  • Local authorities' investments at 31 March 2007 were £25.5 billion; about three quarters of these investments were deposits with banks or building societies.
  • The Local Government Pension Scheme currently has around 3 million members and at the end of March 2007 had a fund value of £122 billion.

Equivalent annual publications are available from the National Assembly for Wales at www.wales.gov.uk/statistics (external link) and from The Scottish Government at www.scotland.gov.uk/statistics (external link).

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