FINANCE

Councils 'punished' for low reserves

Councils that keep reserves low are being ‘punished’ as the sector is told it must now use them to ‘smooth the transition’ to rates retention.

By Sam Clayden | 03 February 2016

Councils that keep reserves low are being ‘punished' as the sector is told it must now use them to ‘smooth the transition' to rates retention.

The Department for Communities and Local Government (DCLG) last year told councils they should ‘play their part in tackling the deficit' by lowering their unallocated funds.

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Popular articles by Sam Clayden

  1. Reach out and Tweet
  2. Riordan calls for social media abuse clampdown
  3. Call for business rates to be scrapped
  4. Breathing life into the high streets
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