FINANCE

CFO confidence plummets on finance outlook

Confidence in councils’ abilities to deliver services in the next financial year is rapidly falling , a poll of chief financial officers (CFOs) has revealed.

Confidence in councils' abilities to deliver services in the next financial year is rapidly falling, a poll of chief financial officers (CFOs) has revealed.

A survey of 237 local authorities by the Chartered Institute of Public Finance and Accountancy (CIPFA) found almost half of council CFOs were less confident than they were a year ago in their ability to deliver services in 2016/17, rising from 41% for 2015/16 and 27% for 2014/15.

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