Ceredigion County Council will be receiving a 2.1% increase in funding in the next financial year - the same percentage increase as the Assembly Government itself has received from the UK Treasury. The announcement of provisional figures for the financial year 2010-11 was made on Tuesday by Brian Gibbons the Assembly Government’s Minister for Social Justice and Local Government.Ceredigion fared better than all other rural councils in Wales, including all its neighbours, some of whom were as low as 1%. Assembly Member Elin Jones is particularly pleased.
The Council is relieved that this year's settlement is significantly better (or at least less bad) than anticipated. However much worse is expected in following years, especially if the Conservatives win the next Westminster election. Inflation is currently running at a 5-year low of 1.1%.