This statement is as per the written ministerial statement in December; I think that the hon. Gentleman is referring to our review of the police funding formula. That work is ongoing and the Metropolitan police are involved in it. I was with the Mayor this morning, and I do not recognise the figure of £700 million just mentioned by the hon. Gentleman. I have spent quite a lot of time with the Mayor in the past couple of days, addressing the issue of the new commissioner, and he has not yet outlined that figure to me. I look forward to hearing more about where the hon. Gentleman has come across that figure.
The 2017-18 police funding settlement provides stable and fair funding for PCCs to spend locally.