Councils will continue to draw on reserves, predicts Moody's

By Dan Peters | 21 July 2021

Many councils will continue to draw on their reserves to manage the uncertain funding environment and offset budgetary pressures, international ratings agency Moody’s has predicted.

Moody’s suggested local authorities with ‘high exposures to more volatile commercial property revenue’ would be more likely to raid their reserves.

Want full article access?

Receive The MJ magazine each week and gain access to all the content on this website with a subscription.

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.


Already a subscriber? Login

Budgets and efficiency Whitehall Business Finance Commercial investment Funding Reserves Coronavirus