2025 Budget. The positioning ahead of this budget was all about tough political choices with a claimed black hole of £22bn and public services in need of vital. A summary of the most relevant highlights from the 2025 budget for local government, including increases in grant funding, an extension of the shared prosperity fund,.
Budget deficit grew to $1.833 trillion for fiscal 2025, the highest outside of the covid era, as interest on the federal debt exceeded $1 trillion for the first time and. The chancellor has emphasised the need to fill the apparent £22bn hole in the nation’s finances.
