Councils in England will get £60 billion to help pay for things.

Michael Gove, the Secretary of State for Levelling Up, announced today, December 19, 2022, that councils in England will get almost £60 billion for the next financial year. This is to make sure that councils can continue to provide important frontline services.

The settlement gives councils in England an extra £5 billion, which is a 9% increase over what they got last year. This shows that the government continues to support councils and public services in the face of financial pressures.

The agreement for next year includes a one-time Funding Guarantee that makes sure every council in England will get at least a 3% increase in core spending power before any local decisions are made about council tax. Along with this, the government is confirming today a new £100 million scheme for councils to protect the most vulnerable households from council tax increases. This is in line with the promise made in the election campaign to protect local taxpayers from too much tax hikes.

Social care is also a priority, and the government is giving an extra £2 billion in grants for social care for adults and children in 2023/24. Also, NHS England will get £300 million to help increase capacity by making it easier for patients to leave the hospital.

After hearing what councils had to say, the government has given more certainty up to 2024/25 by laying out spending plans for the next two years. This will make it easier for town halls to plan ahead.

Comments

Hal Finney's wife has announced a Bitcoin charity event.

She stated that the purpose of the event is to raise money to help ALS victims. Hal Finney's wife Fran has announced a fundraising event for those suffering from amyotrophic lateral sclerosis (ALS). When discussing the occasion on Twitter, Finney urged users of Bitcoin to participate in a half-marathon and post about their experiences there between January 1 and January 10, 2023, in order to support the cause and raise money. Fran Finney shared the news on Hal Finney's official Twitter account. She had previously reactivated the account to prevent Twitter from deleting old accounts. The "Running Bitcoin" event is being held in collaboration with the ALS Association Golden West Chapter and is named after the first Bitcoin tweet, which was sent by Hal Finney only a few days after it went live in 2009. The group, according to its website, offers educational resources and equipment loans to ALS patients. According to the charity, it hopes to raise money from the event by ...

What Is a Spread and What Is a Bid-Offer Spread?

A spread is the difference between the prices to purchase (offer) and sell (bid) an item in trading. The spread is an important aspect of CFD trading since it determines the prices of both derivatives. Spreads are a popular method for brokers, market makers, and other service providers to display their rates. This means that the cost of purchasing an asset will always be slightly greater than the market price. While the selling price will always be slightly cheaper. In the financial world, a spread can refer to a variety of things, but it always refers to the difference between two prices or rates. It is also a trading method known as an option spread. This is accomplished by purchasing and selling the same amount of options with various strike prices and expiration dates. Bid-Ask Spread The bid-offer spread, also known as the bid-ask spread, is simply the spread added to the price of an item. The bid-offer spread indicates how much money individuals are ready to pay for an asset...

A Cryptocurrency Company Sends $10.5 Million To An Australian Woman, But The Transfer Goes Unnoticed For Seven Months - Dailyfinancies

When processing a $100 refund for an Australian woman, the cryptocurrency trading platform Crypto.com sent her $10.5 million instead. They didn't notice the mistake for seven months. When processing a $100 refund, the cryptocurrency trading platform Crypto.com inadvertently transferred $10.5m to an Australian woman and failed to spot the issue for seven months. The corporation, which paid Hollywood actor Matt Damon to appear in a Super Bowl commercial with the motto "fortune favors the bold," realized in December 2021, seven months after the blunder was made, that it had transferred the money to Melbourne woman Thevamanogari Manivel. Inadvertently entering Manivel's account number into the payment amount section caused Crypto.com, which operates as Foris GFS in Australia, to pay out $10.5 million instead of $100. This year, the company filed a lawsuit in the Victorian supreme court and was granted a freeze on Manivel's Commonwealth Bank account in February. ...

Search This Blog