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Rayner's Reforms Could Slash Funding for Wealthy Councils

8/7/2025

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Summary

Story summary

Angela Rayner's proposed reforms threaten to slash funding for 10% of councils by over 14%, hitting wealthier regions in England hard. At the same time, the National Institute of Economic and Social Research cautions that Rachel Reeves faces a daunting task: finding £40 billion in tax increases or spending cuts to adhere to fiscal rules amid ongoing sluggish growth and stubborn inflation.

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Story summary

Angela Rayner's proposed reforms threaten to slash funding for 10% of councils by over 14%, hitting wealthier regions in England hard. At the same time, the National Institute of Economic and Social Research cautions that Rachel Reeves faces a daunting task: finding £40 billion in tax increases or spending cuts to adhere to fiscal rules amid ongoing sluggish growth and stubborn inflation.