This article perfectly sums up the challenges in modern public services.  After eight years of austerity there is no value in moving the deckchairs around.  Local Government needs more funding, not more distribution, if it is going to avoid financial icebergs.  

Similarly, funding reductions in other public services like CAMHS as in this article  or probation or social care does nothing more than create collateral damage and extra costs  in other public services. A zero sum game indeed.