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Concessionary Bus Travel Bill [Lords]

Has anyone done any studies of the local authorities that have been underfunded and those that have been overfunded? Past experience suggests to me—perhaps I am a little cynical after eight years of doing this job, albeit in two different Parliaments—that previous local government funding formula changes have resulted in Labour-run local authorities in certain areas of Wales, some of which have not even been able to keep their books in order, receiving rather more money than they are entitled to while well-run rural local authorities, Conservative and Liberal Democrat alike, have had their funding cut in a disgusting fashion, resulting in higher council taxes for all. Have there been any studies of how this formula is likely to operate, and which local authorities may benefit and which lose out?