Commenting on local government measures outlined in today’s Budget, Caroline Haynes, director in KPMG Public Sector markets, says:
“It is great that the government has accepted Lord Heseltine’s recommendations around the single pot of funding. However, it would be better if it was made available before 2015 – the date currently planned.
“Of equal concern, it now looks as if the single pot will be significantly less than the £49billion outlined in Lord Heseltine’s report. Of the six major areas of spend to be aggregated into the single pot, skills, housing and some transport funding will be included, but not welfare or business services funding. It is a huge pity because the faster we can tackle welfare and skills issues, the faster we can unleash growth.”
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.