§ John CryerTo ask the Deputy Prime Minister what assessment he has made of the impact of the proposed changes to local government finance on(a) the London Borough of Havering and (b) schools within the London Borough of Havering. [85416]
§ Mr. RaynsfordThe provisional local government finance settlement for 2003–04 was announced in the House of Commons on 5 December 2002,Official Report, column 1065 and incorporates the changes made to the formula grant distribution system following the full scale review.
As part of the settlement. the London borough of Havering will receive £154.4 million formula grant for the 2003–04 financial year, which represents an increase of £5.2 million, or 3.5 per cent. over 2002–03. Havering's formula spending share for schools funding stands at £110.039 million for next year.