FINANCE

Council forced to exhaust reserves

Troubled Northamptonshire CC has taken a ‘last resort’ decision to exhaust its entire reserves as it struggles to agree a legal budget for 2018/19.

Troubled Northamptonshire CC has taken a ‘last resort' decision to exhaust its entire reserves as it struggles to agree a legal budget for 2018/19.

The dramatic move follows the council's decision to postpone the sale and leaseback of its new headquarters at One Angel Square ‘due to the likelihood of local government reform in Northamptonshire' following Max Caller's critical governance review.

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