Counting the cost of inflation

By Tracy Bingham | 05 July 2022
  • Tracy Bingham

Tracy Bingham looks at the pressures facing district councils as inflationary costs hit council budgets hard and interest rates soar

As inflation is set to peak by Christmas – its highest rate in 40 years – all councils face a bleak time.

For districts the problem will be amplified. By our very nature, we are smaller, with smaller budgets and therefore, you could argue, more susceptible to volatility than other types of council. While all councils face difficulties, districts often have less wriggle-room to overcome a jolt.

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Finance Budgets