HBC budget to be 60% lower than 2010

Following the recent spending review outlined by the Chancellor of the Exchequer, George Osborne MP, the Labour group have been examining the figures and are calculating the ongoing effects for Hyndburn.

Cllr Joan Smith, portfolio holder for Finance at HBC, said, "The Chancellor's finance statement last Wednesday informed Local  Government that there would be further cuts in budgets for 2015/16. This means that budgets will have reduced by 60% since 2010. This year Hyndburn was one of 7 Local Authorities who had the largest cuts in percentage terms in funding from the government and it is becoming increasingly difficult to sustain high quality services in the face of the cuts. However the Labour administration is committed to providing the residents of Hyndburn with well-run front line services."

A BBC News report on the statement from Downing Street can be found here:

http://www.bbc.co.uk/news/uk-politics-23053693