Inner London to lose out in funding rebalance - report

The UK government is planning a funding rebalance that will redistribute central government funding away from inner London boroughs to other areas of the country. According to a report, this move aims to address regional inequalities and direct more resources to towns and cities outside of the capital. The proposed changes will impact the share of funding received by local councils in England, with inner London boroughs expected to experience the most significant reductions. The report suggests that this shift in funding allocation is part of the government's broader strategy to "level up" the country and support the economic development of regions outside of London. The rebalancing of funds is likely to be a contentious issue, with concerns raised about the potential impact on public services and infrastructure in affected areas. However, the government argues that the changes are necessary to address longstanding disparities and ensure a more equitable distribution of resources across the country.