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However, local authorities say that almost every penny is ring-fenced by ministers, with the increase closer to £71m.
Source: https://www.heraldscotland.com/politics/23295863.john-swinney-wrestling-100m-overspend/?ref=rss
However, the bank aimed to reassure UK customers that their funds were safe, noting that Silicon Valley Bank UK was a standalone independent banking institution and that its funds were ring-fenced from the wider group’s operations.
“Local authorities need sufficient ring-fenced national funding to run their bus services in public ownership as part of an integrated and publicly owned public transport network.”
Source: https://leftfootforward.org/2023/03/rmt-calls-for-public-ownership-of-buses/
The funds are ring-fenced to ensure councils are funded to prevent homelessness.
The Government should establish a system of public funding for RTÉ and TG4 that is ring-fenced and indexed to inflation so that no administration can use the threat of withholding money to bring the broadcasters to heel.”