Wednesday 29 May 2019

English councils warned on 'running out' of reserve cash

English councils warned on 'running out' of reserve cash Some councils in England (including Northamptonshire County Council) have been warned they risk running out of cash reserves if recent spending continues.

Analysis by the BBC has identified 11 authorities the Chartered Institute of Public Finance and Accountancy (Cipfa) said would have "fully exhausted" reserves within four years unless they topped them up.

The Local Government Association said councils faced "systemic underfunding".

The government said councils were responsible for managing their funds. BBC News

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