Public Sector Pensions 3: Research Note 1031 | 13 April 2012
Council pensions: The £54 billion black hole In the face of union pressure local authorities and other public sector organisations have been reluctant to accept the need for necessary pension reforms. But the TaxPayers’ Alliance can reveal that the pension assets held by each local authority in the UK are dwarfed by the size of their liabilities – this means that there is gaping pensions deficit of £54 billion, for which taxpayers are ultimately liable. Local government pensions are more sustainable than other public sector schemes, which are unfunded. However, the Local Government Pension Scheme (LGPS) is much more generous than most private sector provision, and places a heavy burden on local taxpayers. With an ageing population and a crisis in the public finances, generous final salary schemes are inflexible and too expensive. Existing TaxPayers’ Alliance research has investigated council pensions and the considerable burden they place on the taxpayer. The true cost of the Local Government Pension Scheme found that the equivalent of £1 in every £5 of council tax was spent on employer contributions to the Local Government Pension Scheme (LGPS). The same report also found that over 4,500 Councillors were enrolled on the LGPS, raising questions over their ability to represent the interests of taxpayers.2 Now, Council Pensions: The £54 billion black hole collates every council’s pension deficits for 2010-11. It takes into account all pension liabilities and assets that appear on their balance sheets. The key findings of this research are:
Local Authorities across the UK had a combined pension deficit of £54 billion in 2010-11. This is a fall from £91 billion in 2009-10, which was a particularly bad year for local government pension funds. But, even after a recovery, the latest combined deficit has still increased from £51 billion in 2008-09.
Birmingham City Council had a deficit of £1.3 billion, the biggest deficit in 201011 and the only council with a deficit of more than £1 billion. This is £1,292 per head of Birmingham’s population.
1
Financial support for this research paper was provided by the Politics and Economics Research Trust (charity number 1121849). Any views expressed in this paper are those of the authors and not those of the research trust or of its trustees. 2 Daniel, C. The true cost of the Local Government Pension Scheme, TaxPayers’ Alliance, Jan 2012: http://lowtax.es/HvCH46 55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
1
14 local authorities had a deficit over £500 million in 2010-11, and 165 local authorities had deficits in excess of £100 million.
The local authority in Scotland with the largest deficit in 2010-11 was Glasgow City Council with £625 million. This is £1,054 per head of Glasgow’s population.
But the highest deficit per head of the local population in Scotland is Dundee City Council at £1,565 each.
The local authority in Wales with the largest deficit in 2010-11 was Cardiff City Council with £494 million. This is £1,450 per head of Cardiff’s population.
But the highest deficit per head of the local population in Wales – and the entire UK – is Merthyr Tydfil Council, with a pension deficit of £2,268 per head.
The local authority in Northern Ireland with the largest deficit in 2010-11 was Belfast City Council with £74 million. This is £274 per head of Belfast’s population, the highest deficit per head of population.
Across London’s 32 Borough Councils plus the City of London and the Greater London Authority the total combined deficit was over £9 billion. This is one sixth of the overall deficit across all UK schemes.
The highest deficit per head of population in England is in Brent Council, with £2,267 per head, followed by Gateshead Council with £2,040.
The Local Government Pension Scheme is funded. This means that individual pension funds have assets which they invest, as well as liabilities (what they owe in pension payments). Ideally, a pension fund would have assets that are as close to 100 per cent of liabilities as possible. Many schemes abroad have more assets than liabilities.
Across all councils in 2010-11, the average ratio of assets to liabilities was 70 per cent. In the London Borough of Brent this figure well below the average, at 42 per cent – the lowest share of assets to liabilities in the UK. The next lowest ratio was Merthyr Tydfil Council on 50 per cent followed by Craven and Worthing Councils, whose assets were only 52 per cent of their liabilities.
26 local authorities had pension assets to liabilities ratios below 60 per cent. (See Table 3.) To arrange broadcast interviews, please contact: Emma Boon Campaign Director, TaxPayers' Alliance emma.boon@taxpayersalliance.com 07736 065 546 To discuss the research, please contact: Chris Daniel Policy Analyst, TaxPayers' Alliance chris.daniel@taxpayersalliance.com 07538 706 434 55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
2
Reforming council pensions Each of the 101 pension schemes in the UK has greater liabilities than they hold in assets and are therefore in deficit. Local Government Pension Schemes have become unaffordable and as a result unsustainable, and need urgent reform. Michael Johnson, a pensions expert and a research fellow of the Centre for Policy Studies, wrote a letter to the Financial Times in February 2012 along with several other signatories. They highlighted the desperate situation in local government pension funds. They note that:3
“Several are now so underfunded that they are beyond the point of no return. Now having to consume their assets to meet pensions in payment, such funds are in a death spiral. The inability of the LGPS to control costs is masked by the ineffective governance tripartite of employers, central and local government.” In July 2010, Eugene Sullivan, the Chief Executive of the Audit Commission also warned against backing down from reform, arguing that maintaining the status quo was:4
“Putting it off for future generations to pick up the tab – it’s just deferring the inevitable, like not paying your mortgage.” Sullivan also advocates amalgamating some of the numerous pension funds across the UK, citing the fact that London alone has 33 separate schemes. Glyn Gaskarth of the Local Government Information Unit outlined a similar proposal on the ConservativeHome website in March 2012. He argues that such changes would:5
“Reduce costs and leave more money in the funds to accumulate. These measures will ensure council pension funds can meet the promises made to the current generation of local government public pension savers.” In another article in 2010 Gaskarth outlined some more comprehensive reforms that could be made to Local Government Pension Schemes. These would ensure that the burden on taxpayers was eased and existing commitments could still be honoured:6 3
Johnson, M. et al, 101 schemes with a deficit problem, Financial Times, 2 Feb 2012: http://lowtax.es/HMrH5x Phillips, L. LGPS needs reform, says Audit Commission, Public Finance, July 2010: http://lowtax.es/HqMp8l 5 Gaskarth, G. Amalgamating council pension funds would deliver better value, ConservativeHome, 10 March 2012: http://lowtax.es/HfYPk2 6 Gaskarth, G. How to reform the councils pension scheme, ConservativeHome, 22 February 2010: http://lowtax.es/HPbakK 4
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
3
Increase employee contributions. A default employee contribution rate of 8 per cent of salary should be set for all personal account pension scheme members. This represents an increase in the existing personal contribution level which currently ranges 5.5 per cent to 7.5 per cent (this is dependent on income level). The new default rate would compare well with the level of employee pension contributions in the police which ranges from 9.5 per cent to 11.5 per cent.
Honour existing pension accrued entitlements. Existing pension scheme members have accumulated legal entitlement to payments based on a formula of 1/60th of final salary in pension for each year worked. Existing accrued entitlements should not be altered.
Freeze all existing local authority pension entitlements at their current level. There is no legal right for workers to continue to receive the current pension deal for future years’ payments. Each pension member’s existing entitlement should be frozen. At the age of sixty five they should receive a pension based on their last year of earnings before this freeze occurred (increased by the retail price index) times the number of years they worked prior to the freeze.
Open new Personal Accounts Pensions for all existing pension scheme contributors. Default all new employees and existing local government pension scheme members into a new local government personal accounts pension scheme. Offer all employees the chance to leave if they formally request this.
Match employee/employer contributions. Local Authorities should match employee’s personal contributions up to a specified rate e.g. twelve per cent.
Use existing pension funds and the savings on reductions to employer contributions to meet existing pension payments. All savings made from the reduced pension contributions employers make to the personal accounts system (they would be paying between 8 and 12 per cent of salary rather than 15.7 per cent on average) should be used to service existing pension liabilities.
The Local Government Pension Scheme is “severely underfunded” compared to others around the world, according to OECD research. Funded schemes in Canada, the Netherlands and Sweden have funding ratios above 100 per cent.7 Anthony Mayer, Chair of the London Pensions Fund Authority, has suggested that local authority pension funds should have defined asset/liability ratio targets of around 80 per cent. If the funding ratio falls below this, then the fund would have to submit recovery plans to restore their funding over a defined period. This would help to ensure that any future pension commitments can be honoured.8 7
Ponds, E., Severinson, C. & Yermo, J. Funding in Public Sector Pension Plans: International Evidence, OECD, 2011, pg. 28 http://lowtax.es/IEdLf1 8 Timmins, N. London pensions fund chief calls for cap, Financial Times, 2010 http://lowtax.es/Hz458u
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
4
Sources and Methodology
All information is taken from individual local authority annual statement of accounts.
In a very small number of cases, the reported assets minus the reported liabilities do not always equal the reported deficit in the accounts. For example, Wandsworth’s accounts show the council’s share of the liabilities with council assets, but a reported deficit that does not equal assets-liabilities. In these cases, we have used reported deficits from the accounts.
Figures were mostly taken from the Scheme History section of the accounts. This allowed us to evaluate the actuarial estimates for both the assets held by councils and their liabilities. We have ensured that the figures contained within council accounts do not conflict with those in pension fund accounts. For instance, County Councils are often the administering authority for their Districts, but we have cross-checked local data with pension fund data to ensure there has been no double-counting.
All liabilities – funded or unfunded – are reported in the balance sheet, and are therefore included in this analysis. They also include any stated discretionary benefits listed in local authority’s accounts.
Population data for individual local authorities was taken from mid-2010 estimates provided by the Office for National Statistics.9
Table 2 (Top 20 deficits per head of local population in 2010-11) does not include City of London. The very low population figures mean that this is not a fair comparator.
Guide to Tables
Table 1: Top 20 council pension deficits in 2010-11
Table 2: Top 20 deficits per head of local population in 2010-11
Table 3: Councils with pension assets/liabilities ratio of less than 60 per cent in 201011
Table 4: Full details of all UK council pension assets, liabilities and deficits in 2010-11
9
Mid-2010 Population Estimates: Single year of age and sex for local authorities in the United Kingdom; estimated resident population, Office for National Statistics http://lowtax.es/Hgsbnj
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
5
Table 1: Top 20 council pension deficits in 2010-11 Council
Birmingham Durham Hampshire Leeds Essex Lancashire Glasgow City Brent Staffordshire Sheffield Liverpool Kent Devon Nottinghamshire Cardiff Rhondda, Cynon, Taff Lambeth Surrey Southwark Derbyshire
Assets (£)
2,725,000,000 1,252,590,000 1,274,460,000 1,960,667,000 1,267,329,000 1,743,007,000 2,311,000,000 418,240,000 1,085,600,000 1,296,039,000 1,304,462,000 1,471,303,000 886,153,000 1,082,300,000 690,686,000 539,437,000 729,246,000 998,457,000 781,900,000 1,128,753,000
Liabilities (£)
4,064,500,000 1,980,130,000 1,992,930,000 2,610,521,000 1,900,519,000 2,372,019,000 2,936,000,000 999,920,000 1,654,000,000 1,859,352,000 1,862,111,000 2,008,308,000 1,405,502,000 1,589,100,000 1,185,050,000 1,022,784,000 1,201,561,000 1,459,701,000 1,229,400,000 1,572,386,000
Deficit (£)
-1,339,500,000 -727,540,000 -718,470,000 -649,854,000 -633,190,000 -629,012,000 -625,000,000 -581,680,000 -568,400,000 -563,313,000 -557,649,000 -537,005,000 -519,349,000 -506,800,000 -494,364,000 -483,347,000 -472,315,000 -461,244,000 -447,500,000 -443,633,000
Assets as a percentage of liabilities 67% 63% 64% 75% 67% 73% 79% 42% 66% 70% 70% 73% 63% 68% 58% 53% 61% 68% 64% 72%
Population
Deficit share per head of population (£)
1,036,878 510,804 1,296,814 798,769 1,413,025 1,169,270 592,820 256,556 831,290 555,507 445,229 1,427,418 749,944 779,890 341,054 234,309 284,484 1,127,322 287,041 763,724
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
6
1,292 1,424 554 814 448 538 1,054 2,267 684 1,014 1,252 376 693 650 1,450 2,063 1,660 409 1,559 581
Table 2: Top 20 council pension deficits per head of local population Council
Assets (£)
Liabilities (£)
Deficit (£)
Merthyr Tydfil
127,620,000
253,930,000
-126,310,000
Assets as a share of liabilities 50%
Brent
418,240,000
999,920,000
-581,680,000
Rhondda, Cynon, Taff
539,437,000
1,022,784,000
Gateshead
647,760,000
Neath Port Talbot
Population
55,699
Deficit share per head of population (£) 2,268
42%
256,556
2,267
-483,347,000
53%
234,309
2,063
1,038,900,000
-391,140,000
62%
191,690
2,040
392,320,000
667,220,000
-274,900,000
59%
137,392
2,001
Hackney
670,127,000
1,093,447,000
-423,320,000
61%
219,228
1,931
Hammersmith and Fulham
467,218,000
789,559,000
-322,341,000
59%
169,705
1,899
Newham
649,755,000
1,062,394,000
-412,639,000
61%
240,124
1,718
Blaenau Gwent
217,622,000
334,388,000
-116,766,000
65%
68,368
1,708
Lambeth
729,246,000
1,201,561,000
-472,315,000
61%
284,484
1,660
Haringey
592,761,000
966,044,000
-373,283,000
61%
224,996
1,659
Kingston upon Hull, City of
700,171,000
1,136,862,000
-436,691,000
62%
263,890
1,655
Bridgend
292,650,000
506,260,000
-213,610,000
58%
134,564
1,587
Swansea
627,970,000
993,100,000
-365,130,000
63%
232,501
1,570
Islington
592,162,000
896,472,000
-304,310,000
66%
194,080
1,568
Dundee City
704,381,000
930,161,000
-225,780,000
76%
144,290
1,565
Southwark
781,900,000
1,229,400,000
-447,500,000
64%
287,041
1,559
Sunderland
790,960,000
1,227,540,000
-436,580,000
64%
283,509
1,540
Wolverhampton
666,956,000
1,034,800,000
-367,844,000
64%
239,354
1,537
Waltham Forest
445,895,000
792,445,000
-346,550,000
56%
227,145
1,526
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
7
Table 3: Councils with pension assets/liabilities ratio of less than 60 per cent in 2010-11 Council
Assets (£)
Brent Merthyr Tydfil Craven Worthing Rhondda, Cynon, Taff Havering Mendip Waltham Forest Scarborough West Somerset Gloucester Sedgemoor Bridgend Bournemouth Cardiff Taunton Deane South Somerset Westminster Somerset Neath Port Talbot Hammersmith and Fulham South Northamptonshire Basingstoke and Deane Selby East Hampshire High Peak
418,240,000 127,620,000 23,717,000 36,760,000 539,437,000 337,260,000 24,338,000 445,895,000 80,674,000 16,295,000 58,162,000 53,895,000 292,650,000 264,958,816 690,686,000 63,636,000 63,477,000 541,280,000 560,702,000 392,320,000 467,218,000 32,922,000 89,600,000 26,932,000 46,510,000 39,695,000
Liabilities (£)
999,920,000 253,930,000 46,031,000 70,530,000 1,022,784,000 618,479,000 44,267,000 792,445,000 143,332,000 28,635,000 101,750,000 94,217,000 506,260,000 457,377,000 1,185,050,000 109,053,000 108,247,000 922,170,000 954,776,000 667,220,000 789,559,000 55,586,000 151,250,000 45,428,000 78,360,000 66,758,000
Deficit (£)
-581,680,000 -126,310,000 -22,314,000 -33,770,000 -483,347,000 -281,219,000 -19,929,000 -346,550,000 -62,658,000 -12,340,000 -43,588,000 -40,322,000 -213,610,000 -192,418,184 -494,364,000 -45,417,000 -44,770,000 -380,890,000 -394,074,000 -274,900,000 -322,341,000 -22,664,000 -61,650,000 -18,496,000 -31,850,000 -27,063,000
Assets as a percentage of liabilities 42% 50% 52% 52% 53% 55% 55% 56% 56% 57% 57% 57% 58% 58% 58% 58% 59% 59% 59% 59% 59% 59% 59% 59% 59% 59%
Population
256,556 55,699 55,414 103,179 234,309 236,137 109,018 227,145 108,590 35,364 118,440 112,798 134,564 168,118 341,054 109,379 158,627 253,112 525,186 137,392 169,705 88,782 165,120 82,927 112,578 92,609
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
8
Deficit share per head of population (£) 2,267 2,268 403 327 2,063 1,191 183 1,526 577 349 368 357 1,587 1,145 1,450 415 282 1,505 750 2,001 1,899 255 373 223 283 292
Table 4: Full details of all UK council pension assets, liabilities and deficits in 2010-11 Council
Assets (£)
Liabilities (£)
Deficit (£)
Aberdeen City
846,722,000
1,074,977,000
-228,255,000
Assets as a percentage of liabilities 79%
Aberdeenshire
Population
217,120
Deficit share per head of population (£) 1,051
743,575,000
926,343,000
-182,768,000
80%
245,780
744
Adur
72,510,000
92,890,000
-20,380,000
78%
61,630
331
Allerdale
46,829,000
68,707,000
-21,878,000
68%
94,086
233
Amber Valley
52,976,000
77,694,000
-24,718,000
68%
121,590
203
Angus
339,524,000
442,149,000
-102,625,000
77%
110,570
928
Antrim
22,652,000
27,752,000
-5,100,000
82%
54,145
94
Ards
29,997,000
35,929,000
-5,932,000
83%
78,248
76
382,726,000
408,953,000
-26,227,000
94%
89,200
294
Argyll and Bute Armagh
30,200,000
37,098,000
-6,898,000
81%
59,441
116
Arun
82,370,000
105,330,000
-22,960,000
78%
150,561
152
Ashfield
58,192,000
96,379,000
-38,187,000
60%
117,008
326
Ashford
64,048,000
98,400,000
-34,352,000
65%
115,533
297
Aylesbury Vale
82,077,000
124,281,000
-42,204,000
66%
174,409
242
Babergh
45,919,000
58,476,000
-12,557,000
79%
85,561
147
Ballymena
37,179,000
43,587,000
-6,408,000
85%
63,451
101
Ballymoney
12,756,927
15,217,213
-2,460,286
84%
30,564
80
Banbridge
17,706,000
21,831,188
-4,125,188
81%
47,955
86
Barking and Dagenham
430,131,000
623,490,000
-193,359,000
69%
179,741
1,076
Barnet
484,111,000
720,595,000
-236,484,000
67%
348,198
679
Barnsley
581,217,000
830,804,000
-249,587,000
70%
227,610
1,097
Barrow-in-Furness
56,371,000
78,315,000
-21,944,000
72%
70,654
311
108,969,000
169,608,000
-60,639,000
64%
175,212
346
Basingstoke & Deane
89,600,000
151,250,000
-61,650,000
59%
165,120
373
Bassetlaw
54,036,000
82,501,000
-28,465,000
65%
111,820
255
357,115,000
511,419,000
-154,304,000
70%
179,704
859
Basildon
Bath and North East Somerset
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
9
Council
Bedford Borough
271,279,000
410,369,000
-139,089,000
Assets as a percentage of liabilities 66%
160,797
Deficit share per head of population (£) 865
Belfast
306,877,628
380,552,000
-73,674,372
Bexley
438,221,000
524,797,000
-86,576,000
81%
268,745
274
84%
227,957
380
2,725,000,000
4,064,500,000
-1,339,500,000
67%
1,036,878
1,292
31,800,000
44,591,000
-12,791,000
71%
94,021
136
Blackburn with Darwen Blackpool
322,669,000
467,998,000
-145,329,000
69%
140,045
1,038
319,805,000
456,067,000
-136,262,000
70%
139,974
973
Blaenau Gwent
217,622,000
334,388,000
-116,766,000
65%
68,368
1,708
54,663,000
81,372,000
-26,709,000
67%
74,572
358
Bolton
690,100,000
857,500,000
-167,400,000
80%
266,492
628
Boston
35,039,000
51,842,000
-16,803,000
68%
59,042
285
Bournemouth
264,958,816
457,377,000
-192,418,184
58%
168,118
1,145
Bracknell Forest
187,780,000
261,592,000
-73,812,000
72%
116,538
633
Bradford
1,255,000,000
1,678,000,000
-423,000,000
75%
512,618
825
Braintree
90,081,000
130,130,000
-40,049,000
69%
144,032
278
Breckland
49,758,000
67,549,000
-17,791,000
74%
130,925
136
418,240,000
999,920,000
-581,680,000
42%
256,556
2,267
Birmingham Blaby
Bolsover
Brent Brentwood
Assets (£)
Liabilities (£)
Deficit (£)
Population
52,123,000
85,033,000
-32,910,000
61%
74,785
440
Bridgend
292,650,000
506,260,000
-213,610,000
58%
134,564
1,587
Brighton and Hove
576,208,000
682,765,000
-106,557,000
84%
258,762
412
1,068,907,000
1,479,217,000
-410,310,000
72%
441,285
930
Bristol Broadland
35,837,000
47,688,000
-11,851,000
75%
123,676
96
432,067,000
601,733,000
-169,666,000
72%
312,380
543
Bromsgrove
39,928,000
59,276,000
-19,348,000
67%
93,441
207
Broxbourne
56,956,000
69,302,000
-12,346,000
82%
90,609
136
Broxtowe
64,517,000
86,466,000
-21,949,000
75%
111,818
196
Buckinghamshire
504,742,000
782,998,000
-278,256,000
64%
498,072
559
Burnley
103,508,000
148,312,000
-44,804,000
70%
85,301
525
Bromley
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
10
Council
Assets (£)
Liabilities (£)
Deficit (£)
Bury
444,700,000
520,300,000
-75,600,000
Assets as a percentage of liabilities 85%
Caerphilly
401,975,000
606,657,000
-204,682,000
Calderdale
513,500,000
686,500,000
-173,000,000
Cambridge
132,610,000
190,481,000
Cambridgeshire
621,852,000
Camden
Population
183,753
Deficit share per head of population (£) 411
66%
173,124
1,182
75%
202,741
853
-57,871,000
70%
125,717
460
930,328,000
-308,476,000
67%
616,282
501
811,299,000
1,115,456,000
-304,157,000
73%
235,362
1,292
Cannock Chase
67,153,000
108,593,000
-41,440,000
62%
94,674
438
Canterbury
86,186,000
122,112,000
-35,926,000
71%
153,189
235
690,686,000
1,185,050,000
-494,364,000
58%
341,054
1,450
Cardiff Carlisle
94,153,000
124,158,000
-30,005,000
76%
104,539
287
585,820,000
765,062,000
-179,242,000
77%
180,717
992
Carrickfergus
18,192,941
22,337,345
-4,144,403
81%
40,158
103
Castle Point
45,188,000
69,608,000
-24,420,000
65%
89,402
273
Carmarthenshire
Castlereagh
28,769,122
34,149,188
-5,380,066
84%
67,029
80
Central Bedfordshire
336,223,000
533,505,000
-197,282,000
63%
255,219
773
Ceredigion
211,943,000
250,003,000
-38,060,000
85%
76,938
495
Charnwood
59,411,000
87,879,000
-28,468,000
68%
166,827
171
Chelmsford
106,834,000
164,832,000
-57,998,000
65%
169,542
342
Cheltenham
70,405,000
108,476,000
-38,071,000
65%
115,263
330
Cherwell
60,743,000
96,213,000
-35,470,000
63%
140,427
253
Cheshire East
722,948,000
962,772,000
-239,824,000
75%
363,820
659
Cheshire West and Chester
790,100,000
975,012,000
-184,912,000
81%
327,300
565
Chesterfield
110,476,000
152,418,000
-41,942,000
72%
101,036
415
Chichester
95,840,000
96,160,000
-320,000
100%
113,503
3
Chiltern
31,071,000
45,485,000
-14,414,000
68%
91,381
158
Chorley
61,912,000
88,254,000
-26,342,000
70%
105,432
250
Christchurch City of London
32,569,000
46,100,000
-13,531,000
71%
47,302
286
568,400,000
756,000,000
-187,600,000
75%
11,677
16,066
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
11
Council
155,490,000
217,107,000
-61,617,000
Assets as a percentage of liabilities 72%
50,630
Deficit share per head of population (£) 1,217
Colchester
99,163,000
159,003,000
-59,840,000
Coleraine
32,548,767
41,057,819
-8,509,052
62%
181,016
331
79%
56,790
150
269,409,000
337,677,000
-68,268,000
80%
110,863
616
Cookstown
16,366,720
19,790,558
-3,423,838
83%
36,655
93
Copeland Corby
44,178,000
60,079,000
-15,901,000
74%
69,513
229
50,413,000
76,914,000
-26,501,000
66%
55,833
475
Cornwall
960,779,000
1,271,058,000
-310,279,000
76%
535,334
580
Cotswold
38,479,000
59,176,000
-20,697,000
65%
83,538
248
Coventry
733,800,000
1,053,900,000
-320,100,000
70%
315,739
1,014
Craigavon
47,976,705
56,237,058
-8,260,353
85%
93,623
88
Craven
23,717,000
46,031,000
-22,314,000
52%
55,414
403
Crawley
136,030,000
145,460,000
-9,430,000
94%
107,562
88
Croydon
617,831,000
963,272,000
-345,441,000
64%
345,562
1,000
Cumbria
738,150,000
1,000,317,000
-262,167,000
74%
494,350
530
Dacorum
100,322,000
146,964,000
-46,642,000
68%
142,881
326
Darlington
216,990,000
327,120,000
-110,130,000
66%
100,843
1,092
Dartford
59,485,000
89,209,000
-29,724,000
67%
94,555
314
Daventry
34,480,000
53,103,000
-18,623,000
65%
78,959
236
Denbighshire
238,109,000
367,789,000
-129,680,000
65%
96,731
1,341
Derby
495,917,000
710,961,000
-215,044,000
70%
246,855
871
Clackmannanshire
Conwy
Derbyshire
Assets (£)
Liabilities (£)
Deficit (£)
Population
1,128,753,000
1,572,386,000
-443,633,000
72%
763,724
581
Derbyshire Dales
34,732,000
49,446,000
-14,714,000
70%
70,389
209
Derry City
59,454,982
74,759,000
-15,304,018
80%
109,826
139
Devon
886,153,000
1,405,502,000
-519,349,000
63%
749,944
693
Doncaster
651,695,000
921,715,000
-270,020,000
71%
290,593
929
Dorset*
460,272,000
765,204,000
-304,932,000
60%
404,789
753
67,681,000
110,327,000
-42,646,000
61%
106,931
399
Dover
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
12
Council
Down
35,601,000
41,554,000
-5,953,000
Assets as a percentage of liabilities 86%
Dudley
672,687,000
953,621,000
-280,934,000
Dumfries and Galloway
482,045,000
618,083,000
-136,038,000
Dundee City
704,381,000
930,161,000
Dungannon
21,436,698
Durham
Assets (£)
Liabilities (£)
Deficit (£)
Population
70,770
Deficit share per head of population (£) 84
71%
307,362
914
78%
148,190
918
-225,780,000
76%
144,290
1,565
25,869,000
-4,432,302
83%
57,748
77
1,252,590,000
1,980,130,000
-727,540,000
63%
510,804
1,424
Ealing
598,763,000
903,282,000
-304,519,000
66%
318,516
956
East Ayrshire
479,035,000
555,986,000
-76,951,000
86%
120,240
640
East Cambridgeshire
22,672,000
35,422,000
-12,750,000
64%
84,931
150
East Devon
60,580,000
83,461,000
-22,881,000
73%
132,857
172
East Dorset
34,445,000
49,673,000
-15,228,000
69%
87,828
173
353,504,000
396,165,000
-42,661,000
89%
104,580
408
East Hampshire
46,510,000
78,360,000
-31,850,000
59%
112,578
283
East Hertfordshire
63,223,000
85,316,000
-22,093,000
74%
138,476
160
East Lindsey
51,336,000
74,527,000
-23,191,000
69%
141,633
164
East Lothian
303,231,000
383,154,000
-79,923,000
79%
97,500
820
22,782,000
36,267,000
-13,485,000
63%
85,251
158
East Renfrewshire
281,379,000
336,558,000
-55,179,000
84%
89,540
616
East Riding of Yorkshire
583,006,000
852,377,000
-269,371,000
68%
338,690
795
52,704,000
81,116,000
-28,412,000
65%
109,447
260
East Sussex
767,516,000
995,381,000
-227,865,000
77%
515,522
442
Eastbourne
78,867,000
96,066,000
-17,199,000
82%
96,972
177
Eastleigh
55,930,000
90,870,000
-34,940,000
62%
122,370
286
Eden
30,175,000
35,711,000
-5,536,000
84%
51,817
107
1,507,428,000
1,843,330,000
-335,902,000
82%
486,120
691
148,726,000
178,263,000
-29,537,000
83%
26,190
1,128
East Dunbartonshire
East Northamptonshire
East Staffordshire
Edinburgh, City of Eilean Siar Elmbridge Enfield
67,252,000
95,751,000
-28,499,000
70%
131,930
216
568,907,000
886,879,000
-317,972,000
64%
294,927
1,078
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
13
Council
Assets (£)
Epping Forest
83,812,000
130,136,000
-46,324,000
Assets as a percentage of liabilities 64%
Epsom and Ewell
44,558,000
60,585,000
-16,027,000
Erewash
57,699,000
81,453,000
-23,754,000
1,267,329,000
1,900,519,000
Exeter
84,170,000
Falkirk
Essex
Liabilities (£)
Deficit (£)
Population
124,738
Deficit share per head of population (£) 371
74%
74,272
216
71%
111,300
213
-633,190,000
67%
1,413,025
448
129,690,000
-45,520,000
65%
119,618
381
439,018,000
610,887,000
-171,869,000
72%
153,280
1,121
Fareham
62,870,000
100,920,000
-38,050,000
62%
112,108
339
Fenland
48,651,000
77,366,000
-28,715,000
63%
91,927
312
Fermanagh
28,740,409
34,076,000
-5,335,591
84%
63,076
85
1,249,733,000
1,631,773,000
-382,040,000
77%
365,020
1,047
361,228,000
564,531,000
-203,303,000
64%
149,709
1,358
Forest Heath
34,323,000
40,834,000
-6,511,000
84%
64,345
101
Forest of Dean
36,580,000
59,246,000
-22,666,000
62%
82,879
273
Fife Flintshire
Fylde Gateshead Gedling Glasgow City Gloucester
43,384,000
59,450,000
-16,066,000
73%
76,590
210
647,760,000
1,038,900,000
-391,140,000
62%
191,690
2,040
46,816,000
62,036,000
-15,220,000
75%
113,158
135
2,311,000,000
2,936,000,000
-625,000,000
79%
592,820
1,054
58,162,000
101,750,000
-43,588,000
57%
118,440
368
615,201,000
869,892,000
-254,691,000
71%
593,527
429
Gosport
48,100,000
76,810,000
-28,710,000
63%
79,892
359
Gravesham
69,975,000
100,648,000
-30,673,000
70%
99,551
308
Great Yarmouth
68,867,000
102,659,000
-33,792,000
67%
97,179
348
Greater London Authority
80,113,000
100,298,000
-20,185,000
80%
7,825,177
3
Greenwich
798,626,000
1,079,603,000
-280,977,000
74%
228,509
1,230
Guildford
108,670,000
154,284,000
-45,614,000
70%
137,062
333
Gwynedd
338,233,000
407,128,000
-68,895,000
83%
119,007
579
Hackney
670,127,000
1,093,447,000
-423,320,000
61%
219,228
1,931
Halton
316,940,000
377,284,000
-60,344,000
84%
119,263
506
Gloucestershire
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
14
Council
Assets (£)
Hambleton
35,948,000
Hammersmith and Fulham
Liabilities (£)
Deficit (£)
51,752,000
-15,804,000
Assets as a percentage of liabilities 69%
Population
87,576
Deficit share per head of population (£) 180
467,218,000
789,559,000
-322,341,000
59%
169,705
1,899
1,274,460,000
1,992,930,000
-718,470,000
64%
1,296,814
554
28,569,000
41,108,000
-12,539,000
69%
84,012
149
Haringey
592,761,000
966,044,000
-373,283,000
61%
224,996
1,659
Harlow
100,307,000
167,051,000
-66,744,000
60%
81,658
817
Harrogate
105,722,000
159,224,000
-53,502,000
66%
158,686
337
Harrow
432,124,000
644,631,000
-212,507,000
67%
230,057
924
33,803,000
56,274,000
-22,471,000
60%
91,189
246
Hampshire Harborough
Hart Hartlepool
302,546,000
354,402,000
-51,856,000
85%
91,304
568
Hastings
84,537,000
104,132,000
-19,595,000
81%
87,171
225
Havant
62,880,000
100,980,000
-38,100,000
62%
116,841
326
337,260,000
618,479,000
-281,219,000
55%
236,137
1,191
Havering Herefordshire
229,200,000
361,000,000
-131,800,000
63%
179,297
735
Hertfordshire
1,106,675,000
1,534,605,000
-427,930,000
72%
1,107,521
386
Hertsmere
52,105,000
78,028,000
-25,923,000
67%
99,924
259
High Peak
39,695,000
66,758,000
-27,063,000
59%
92,609
292
Highland
698,357,000
850,973,000
-152,616,000
82%
221,630
689
Hillingdon
575,064,000
820,944,000
-245,880,000
70%
266,114
924
Hinckley and Bosworth
34,690,000
49,562,000
-14,872,000
70%
105,082
142
Horsham
89,140,000
91,960,000
-2,820,000
97%
130,810
22
Hounslow
451,900,000
639,700,000
-187,800,000
71%
236,760
793
Huntingdonshire
82,115,000
123,552,000
-41,437,000
66%
167,301
248
Hyndburn
70,794,000
103,436,000
-32,642,000
68%
81,122
402
Inverclyde
334,654,000
384,541,000
-49,887,000
87%
79,770
625
Ipswich
159,645,000
195,400,000
-35,755,000
82%
128,269
279
Isle of Anglesey
165,562,000
212,134,000
-46,572,000
78%
68,592
679
Isle of Wight
298,089,000
415,373,000
-117,284,000
72%
140,491
835
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
15
Council
Assets (£)
9,794,000
12,175,000
-2,381,000
Assets as a percentage of liabilities 80%
Islington
592,162,000
896,472,000
-304,310,000
Kensington and Chelsea
454,278,000
604,076,000
-149,798,000
1,471,303,000
2,008,308,000
52,630,000
75,766,000
Isles of Scilly
Kent Kettering King's Lynn and West Norfolk
Liabilities (£)
Deficit (£)
Population
2,111
Deficit share per head of population (£) 1,128
66%
194,080
1,568
75%
169,494
884
-537,005,000
73%
1,427,418
376
-23,136,000
69%
90,631
255
84,175,000
109,413,000
-25,238,000
77%
143,631
176
Kingston upon Hull, City of
700,171,000
1,136,862,000
-436,691,000
62%
263,890
1,655
Kingston upon Thames
304,743,000
493,600,000
-188,857,000
62%
168,955
1,118
1,119,192,000
1,499,652,000
-380,460,000
75%
409,842
928
Kirklees Knowsley
418,380,000
627,304,000
-208,924,000
67%
149,116
1,401
Lambeth
729,246,000
1,201,561,000
-472,315,000
61%
284,484
1,660
1,743,007,000
2,372,019,000
-629,012,000
73%
1,169,270
538
108,505,000
144,493,000
-35,988,000
75%
141,066
255
Lancashire Lancaster Larne
18,364,396
21,956,000
-3,591,604
84%
31,650
113
Leeds
1,960,667,000
2,610,521,000
-649,854,000
75%
798,769
814
Leicester
654,805,000
896,078,000
-241,272,000
73%
306,631
787
Leicestershire
780,500,000
1,110,600,000
-330,100,000
70%
648,748
509
Lewes
63,233,000
72,834,000
-9,601,000
87%
97,466
99
709,444,000
1,061,105,000
-351,661,000
67%
266,480
1,320
Lichfield
46,047,000
66,234,000
-20,187,000
70%
98,686
205
Limavady
15,974,861
19,481,901
-3,507,040
82%
33,564
104
Lewisham
Lincoln Lincolnshire Lisburn Liverpool Luton
89,135,000
128,461,000
-39,327,000
69%
89,668
439
752,904,000
1,078,590,000
-325,686,000
70%
703,008
463
48,301,762
57,680,000
-9,378,238
84%
117,836
80
1,304,462,000
1,862,111,000
-557,649,000
70%
445,229
1,252
355,181,000
535,572,000
-180,391,000
66%
198,752
908
Magherafelt
16,565,563
18,799,000
-2,233,437
88%
44,730
50
Maidstone
70,211,000
100,553,000
-30,342,000
70%
149,824
203
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
16
Council
Maldon Malvern Hills
Assets (£)
26,288,000
Liabilities (£)
42,453,000
Deficit (£)
-16,165,000
Assets as a percentage of liabilities 62%
Population
63,242
Deficit share per head of population (£) 256
37,537,000
56,297,000
-18,760,000
67%
75,381
249
1,905,300,000
2,273,200,000
-367,900,000
84%
498,779
738
Mansfield
91,093,000
138,811,000
-47,718,000
66%
99,635
479
Medway
293,311,000
430,087,000
-136,776,000
68%
256,699
533
Melton
21,239,000
29,758,000
-8,519,000
71%
49,475
172
Mendip
24,338,000
44,267,000
-19,929,000
55%
109,018
183
Merthyr Tydfil
127,620,000
253,930,000
-126,310,000
50%
55,699
2,268
Merton
351,387,000
454,377,000
-102,990,000
77%
208,794
493
Mid Devon
41,179,000
66,741,000
-25,562,000
62%
76,088
336
Mid Suffolk
45,896,000
60,463,000
-14,567,000
76%
94,987
153
Mid Sussex
63,020,000
81,186,000
-18,166,000
78%
132,456
137
Middlesbrough
461,339,000
540,435,000
-79,096,000
85%
142,370
556
Midlothian
258,602,000
322,404,000
-63,802,000
80%
81,140
786
Milton Keynes
312,183,000
454,348,000
-142,165,000
69%
241,497
589
48,930,000
66,934,000
-18,004,000
73%
84,630
213
Monmouthshire
185,865,000
278,806,000
-92,941,000
67%
88,089
1,055
Moray
303,325,000
392,466,000
-89,141,000
77%
87,720
1,016
Moyle
11,533,074
13,731,113
-2,198,039
84%
16,998
129
392,320,000
667,220,000
-274,900,000
59%
137,392
2,001
95,760,000
160,910,000
-65,150,000
60%
177,021
368
Manchester
Mole Valley
Neath Port Talbot New Forest Newark and Sherwood
53,432,000
83,613,000
-30,181,000
64%
113,620
266
Newcastle upon Tyne
929,750,000
1,279,150,000
-349,400,000
73%
292,179
1,196
82,128,000
128,826,000
-46,698,000
64%
124,493
375
Newham
649,755,000
1,062,394,000
-412,639,000
61%
240,124
1,718
Newport
309,614,000
455,030,000
-145,416,000
68%
141,306
1,029
Newry and Mourne
43,364,577
51,774,000
-8,409,423
84%
99,880
84
Newtownabbey
41,417,000
49,701,000
-8,284,000
83%
83,605
99
Newcastle-under-Lyme
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
17
Council
Assets (£)
Norfolk North Ayrshire
Liabilities (£)
Deficit (£)
1,055,376,000
1,382,218,000
-326,842,000
Assets as a percentage of liabilities 76%
Population
862,346
Deficit share per head of population (£) 379
501,314,000
545,377,000
-44,063,000
92%
135,180
326
North Devon
50,660,000
75,626,000
-24,966,000
67%
91,472
273
North Dorset
24,654,000
35,408,000
-10,754,000
70%
64,225
167
North Down
38,438,761
45,953,465
-7,514,704
84%
79,940
94
North East Derbyshire
59,336,000
90,077,000
-30,741,000
66%
98,315
313
North East Lincolnshire
277,416,000
440,833,000
-163,417,000
63%
157,314
1,039
North Hertfordshire
86,450,000
118,639,000
-32,189,000
73%
125,809
256
North Kesteven
38,933,000
53,815,000
-14,882,000
72%
106,432
140
North Lanarkshire
1,110,223,000
1,275,666,000
-165,443,000
87%
326,360
507
North Lincolnshire
352,461,000
529,472,000
-177,011,000
67%
161,345
1,097
48,035,000
67,556,000
-19,521,000
71%
101,667
192
North Somerset
302,918,000
436,248,000
-133,330,000
69%
212,194
628
North Tyneside
North Norfolk
510,778,000
800,561,000
-289,783,000
64%
198,478
1,460
North Warwickshire
43,943,000
59,701,000
-15,758,000
74%
61,872
255
North West Leicestershire
51,600,000
71,602,000
-20,002,000
72%
90,783
220
North Yorkshire
613,800,000
1,016,000,000
-402,200,000
60%
599,708
671
Northampton
158,931,000
254,468,000
-95,537,000
62%
212,130
450
Northamptonshire
652,662,000
900,859,000
-248,197,000
72%
687,319
361
Northumberland
645,700,000
958,970,000
-313,270,000
67%
311,991
1,004
Norwich
215,699,000
298,498,000
-82,799,000
72%
143,488
577
Nottingham
707,440,000
1,047,261,000
-339,821,000
68%
306,697
1,108
1,082,300,000
1,589,100,000
-506,800,000
68%
779,890
650
Nuneaton and Bedworth
99,748,000
130,620,000
-30,872,000
76%
122,181
253
Oadby and Wigston
22,185,000
32,526,000
-10,341,000
68%
58,548
177
602,000,000
743,400,000
-141,400,000
81%
219,771
643
Nottinghamshire
Oldham Omagh Orkney Islands
33,272,997
38,103,000
-4,830,003
87%
52,866
91
144,383,000
160,052,000
-15,669,000
90%
20,110
779
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
18
Council
Oxford
150,885,000
204,085,000
-53,200,000
Assets as a percentage of liabilities 74%
153,662
Deficit share per head of population (£) 346
Oxfordshire
600,793,000
870,230,000
-269,437,000
Pembrokeshire
320,091,000
376,809,000
-56,718,000
69%
648,722
415
85%
117,086
484
63,039,000
96,100,000
-33,061,000
66%
89,283
370
Perth and Kinross
420,154,000
550,227,000
-130,073,000
76%
147,780
880
Peterborough Plymouth
261,960,000
407,309,000
-145,349,000
64%
173,423
838
455,560,000
674,870,000
-219,310,000
68%
258,710
848
Poole
211,847,000
345,303,000
-133,456,000
61%
142,135
939
Portsmouth
387,108,000
625,150,000
-238,042,000
62%
207,121
1,149
Powys
316,770,000
498,150,000
-181,380,000
64%
131,313
1,381
Preston
142,048,000
199,501,000
-57,453,000
71%
135,081
425
Purbeck
20,162,000
30,984,000
-10,822,000
65%
45,190
239
Reading
273,682,000
417,025,000
-143,343,000
66%
154,234
929
Redbridge
405,396,000
626,446,000
-221,050,000
65%
270,501
817
Redcar and Cleveland
393,619,000
468,694,000
-75,075,000
84%
137,398
546
Redditch
67,536,000
110,843,000
-43,307,000
61%
78,666
551
Reigate and Banstead
81,724,000
119,136,000
-37,412,000
69%
138,639
270
Pendle
Assets (£)
Liabilities (£)
Deficit (£)
Population
Renfrewshire
735,798,000
820,048,000
-84,250,000
90%
170,250
495
Rhondda Cynon Taff
539,437,000
1,022,784,000
-483,347,000
53%
234,309
2,063
29,461,000
39,687,000
-10,226,000
74%
57,992
176
371,886,000
482,498,000
-110,612,000
77%
190,920
579
Ribble Valley Richmond upon Thames Richmondshire
24,308,000
36,679,000
-15,371,000
66%
52,957
290
Rochdale
600,700,000
732,300,000
-131,600,000
82%
205,190
641
Rochford
31,973,000
50,639,000
-18,666,000
63%
83,354
224
Rossendale
42,405,000
64,334,000
-21,929,000
66%
67,396
325
Rother
51,521,000
64,585,000
-13,064,000
80%
89,817
145
612,200,000
850,200,000
-238,000,000
72%
254,605
935
59,854,000
79,612,000
-19,758,000
75%
94,188
210
Rotherham Rugby
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
19
Council
Runnymede
60,579,000
75,801,000
-15,222,000
Assets as a percentage of liabilities 80%
Rushcliffe
44,495,000
64,804,000
-20,309,000
Rushmoor
53,750,000
90,220,000
-36,470,000
Rutland
43,420,000
60,139,000
Ryedale
32,895,000
Salford Sandwell Scarborough Scottish Borders Sedgemoor
Assets (£)
Liabilities (£)
Deficit (£)
Population
85,920
Deficit share per head of population (£) 177
69%
112,831
180
60%
91,978
397
-16,719,000
72%
38,559
434
51,112,000
-18,217,000
64%
53,558
340
731,800,000
898,100,000
-166,300,000
81%
228,992
726
683,392,000
1,040,253,000
-356,861,000
66%
292,799
1,219
80,674,000
143,332,000
-62,658,000
56%
108,590
577
339,303,000
421,281,000
-81,978,000
81%
112,870
726
53,895,000
94,217,000
-40,322,000
57%
112,798
357
Sefton
481,568,000
715,364,000
-233,796,000
67%
272,876
857
Selby
26,932,000
45,428,000
-18,496,000
59%
82,927
223
Sevenoaks
57,174,000
91,686,000
-34,512,000
62%
114,087
303
Sheffield
1,296,039,000
1,859,352,000
-563,313,000
70%
555,507
1,014
Shepway
61,091,000
94,588,000
-33,497,000
65%
101,201
331
1,994,000
2,493,000
-499,000
80%
22,400
22
Shropshire
530,454,000
764,460,000
-234,006,000
69%
293,378
798
Slough
177,450,000
274,436,000
-96,986,000
65%
131,084
740
Solihull
360,284,000
481,270,000
-120,986,000
75%
206,091
587
Somerset
560,702,000
954,776,000
-394,074,000
59%
525,186
750
South Ayrshire
442,802,000
486,080,000
-43,278,000
91%
111,440
388
South Bucks
30,629,000
42,084,000
-11,455,000
73%
67,477
170
South Cambridgeshire
64,135,000
95,703,000
-31,568,000
67%
146,406
216
South Derbyshire
43,130,000
60,575,000
-17,445,000
71%
93,913
186
425,704,000
571,018,000
-145,314,000
75%
264,826
549
South Hams
65,821,000
80,389,000
-14,861,000
82%
83,724
177
South Holland
37,940,000
54,136,000
-16,196,000
70%
84,561
192
South Kesteven
57,791,000
80,340,000
-22,549,000
72%
132,271
170
Shetland Islands
South Gloucestershire
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
20
Council
South Lakeland South Lanarkshire
Assets (£)
Liabilities (£)
Deficit (£)
62,993,000
86,418,000
-23,425,000
Assets as a percentage of liabilities 73%
Population
103,741
Deficit share per head of population (£) 226
1,112,140,000
1,348,280,000
-236,140,000
82%
311,880
757
South Norfolk
49,268,000
67,856,000
-18,588,000
73%
121,780
153
South Northamptonshire
32,922,000
55,586,000
-22,664,000
59%
88,782
255
South Oxfordshire
63,178,000
81,474,000
-18,296,000
78%
130,987
140
South Ribble
52,109,000
73,199,000
-21,090,000
71%
108,349
195
South Somerset
63,477,000
108,247,000
-44,770,000
59%
158,627
282
South Staffordshire
31,754,000
49,147,000
-17,393,000
65%
106,592
163
South Tyneside
436,590,000
645,950,000
-209,360,000
68%
153,670
1,362
Southampton
457,280,000
726,930,000
-269,650,000
63%
239,732
1,125
Southend-on-Sea
245,676,000
371,991,000
-126,315,000
66%
165,311
764
Southwark
781,900,000
1,229,400,000
-447,500,000
64%
287,041
1,559
Spelthorne
55,312,000
77,118,000
-21,806,000
72%
93,466
233
St Albans
64,491,000
98,008,000
-33,517,000
66%
138,753
242
St Edmundsbury
84,185,000
105,715,000
-21,530,000
80%
104,533
206
419,160,000
572,119,000
-152,958,000
73%
177,363
862
61,503,000
92,828,000
-31,325,000
66%
125,968
249
St. Helens Stafford Staffordshire
1,085,600,000
1,654,000,000
-568,400,000
66%
831,290
684
Staffordshire Moorlands
36,998,000
59,458,000
-22,460,000
62%
95,427
235
Stevenage
74,607,000
110,238,000
-35,631,000
68%
81,766
436
Stirling
275,863,000
401,175,000
-125,312,000
69%
89,850
1,395
Stockport
477,500,000
550,600,000
-73,100,000
87%
284,645
257
Stockton-on-Tees
517,701,000
602,730,000
-85,029,000
86%
192,389
442
Stoke-on-Trent
569,115,000
807,549,000
-238,434,000
70%
240,072
993
Strabane
19,282,458
22,407,358
-3,124,900
86%
40,099
78
Stratford-on-Avon
54,792,000
75,634,000
-20,842,000
72%
118,985
175
Stroud
51,288,000
78,157,000
-26,869,000
66%
111,717
241
Suffolk
794,473,000
996,649,000
-202,176,000
80%
719,511
281
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
21
Council
58,868,000
77,231,000
-18,363,000
Assets as a percentage of liabilities 76%
Sunderland
790,960,000
1,227,540,000
-436,580,000
Surrey
998,457,000
1,459,701,000
-461,244,000
51,612,000
70,511,000
333,575,000
544,805,000
Suffolk Coastal
Surrey Heath Sutton Swale
Assets (£)
Liabilities (£)
Deficit (£)
Population
124,281
Deficit share per head of population (£) 148
64%
283,509
1,540
68%
1,127,322
409
-18,899,000
73%
84,510
224
-211,230,000
61%
194,195
1,088
50,841,000
78,280,000
-27,439,000
65%
133,437
206
Swansea
627,970,000
993,100,000
-365,130,000
63%
232,501
1,570
Swindon
307,608,000
458,982,000
-151,374,000
67%
201,757
750
Tameside
753,000,000 73,134,000
-137,900,000 -22,505,000
82%
216,882
636
Tamworth
615,100,000 50,629,000
69%
76,003
296
Tandridge
45,233,000
69,150,000
-23,917,000
65%
83,142
288
Taunton Deane
63,636,000
109,053,000
-45,417,000
58%
109,379
415
Teignbridge
59,916,000
96,264,000
-41,658,000
62%
127,291
327
Telford and Wrekin
294,478,000
416,773,000
-122,295,000
71%
162,613
752
Tendring
74,242,000
112,092,000
-37,850,000
66%
148,543
255
Test Valley
60,930,000
97,170,000
-39,440,000
63%
113,465
348
Tewkesbury
29,637,000
49,303,000
-19,666,000
60%
81,690
241
100,138,000
152,387,000
-52,249,000
66%
132,169
395
51,432,000
63,961,000
-12,529,000
80%
88,932
141
203,259,000
308,195,000
-104,936,000
66%
159,658
657
59,836,000
89,937,000
-30,101,000
67%
118,768
253
Torbay
195,500,000
272,100,000
-76,600,000
72%
134,271
570
Torfaen
231,436,000
356,361,000
-124,925,000
65%
90,533
1,380
Torridge
31,169,000
49,455,000
-18,286,000
63%
65,831
278
Tower Hamlets
740,326,000
1,042,983,000
-302,657,000
71%
237,896
1,272
Trafford
445,600,000
557,500,000
-111,900,000
80%
217,307
515
Tunbridge Wells
57,299,000
83,659,000
-26,360,000
68%
108,173
244
Uttlesford
42,603,000
61,763,000
-19,160,000
69%
77,501
247
Thanet Three Rivers Thurrock Tonbridge and Malling
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
22
Council
Vale of Glamorgan Vale of White Horse
Assets (£)
222,300,000
Liabilities (£)
370,520,000
Deficit (£)
-148,220,000
Assets as a percentage of liabilities 60%
Population
124,976
Deficit share per head of population (£) 1,186
40,209,000
59,098,000
-18,889,000
68%
119,814
158
Wakefield
993,900,000
1,377,000,000
-383,100,000
72%
325,573
1,177
Walsall
471,690,000
777,248,000
-305,558,000
61%
256,898
1,189
Waltham Forest
445,895,000
792,445,000
-346,550,000
56%
227,145
1,526
Wandsworth
871,090,000
908,760,000
-88,911,000
96%
289,574
307
Warrington
393,746,000
481,823,000
-88,077,000
82%
198,905
443
74,916,000
96,234,000
-21,318,000
78%
138,756
154
642,100,000
878,400,000
-236,300,000
73%
535,982
441
Watford
84,947,000
128,930,000
-43,983,000
66%
86,003
511
Waveney
80,107,000
100,536,000
-20,429,000
80%
117,535
174
Waverley
75,434,000
104,757,000
-29,323,000
72%
120,252
244
Wealden
89,523,000
106,075,000
-16,552,000
84%
144,096
115
Wellingborough
40,641,000
63,778,000
-23,137,000
64%
75,733
306
Welwyn Hatfield
85,444,000
123,221,000
-37,777,000
69%
114,368
330
West Berkshire
177,843,000
273,917,000
-96,074,000
65%
153,975
624
18,376,000
29,212,000
-10,836,000
63%
53,063
204
Warwick Warwickshire
West Devon West Dorset
58,569,000
77,917,000
-19,348,000
75%
96,712
200
437,453,000
473,997,000
-36,544,000
92%
90,570
403
West Lancashire
92,798,000
130,011,000
-37,213,000
71%
110,267
337
West Lindsey
33,683,000
50,390,000
-16,707,000
67%
89,401
187
West Lothian
West Dunbartonshire
436,031,000
522,106,000
-86,075,000
84%
172,080
500
West Oxfordshire
32,907,000
47,495,000
-14,588,000
69%
103,832
140
West Somerset
16,295,000
28,635,000
-12,340,000
57%
35,364
349
West Sussex
866,300,000
1,095,000,000
-228,700,000
79%
799,701
286
Westminster
541,280,000
922,170,000
-380,890,000
59%
253,112
1,505
Weymouth and Portland Wigan
51,046,000
76,428,000
-25,382,000
67%
63,532
400
681,100,000
819,000,000
-137,900,000
83%
307,577
448
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
23
Council
Assets (£)
Wiltshire Winchester
Liabilities (£)
613,202,000
924,626,000
Deficit (£)
-311,424,000
Assets as a percentage of liabilities 66%
Population
459,835
Deficit share per head of population (£) 677
63,360,000
105,950,000
-42,590,000
60%
114,252
373
Windsor and Maidenhead
186,066,000
290,786,000
-104,720,000
64%
146,148
717
Wirral
683,832,000
983,921,000
-300,089,000
70%
308,837
972
69,987,000
102,279,000
-32,292,000
68%
93,499
345
Woking Wokingham
144,283,000
208,686,000
-64,403,000
69%
163,222
395
Wolverhampton
666,956,000
1,034,800,000
-367,844,000
64%
239,354
1,537
52,615,000
77,499,000
-24,884,000
68%
94,763
263
523,811,000
779,217,000
-255,406,000
67%
557,426
458
Worcester Worcestershire Worthing
36,760,000
70,530,000
-33,770,000
52%
103,179
327
Wrexham
323,015,000
500,300,000
-177,285,000
65%
133,559
1,327
Wychavon
44,602,000
71,462,000
-26,860,000
62%
117,028
230
Wycombe
109,276,000
135,641,000
-26,365,000
81%
164,805
160
Wyre
56,860,000
80,547,000
-23,687,000
71%
111,391
213
Wyre Forest
53,779,000
86,000,000
-32,221,000
63%
98,147
328
277,696,000
414,656,000
-136,960,000
67%
202,447
677
132,442,891,164
186,540,224,206
-54,160,763,041
York Totals:
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours)
24