FINANCE

Don't erode new funding with fresh obligations

The Spending Round was good news for councils, but if there is a systematic erosion of that funding with new obligations 'it risks leaving a sour taste', says Gary Fielding.

At a recent county treasurers meeting we realised that only one of us had been a treasurer pre-austerity so the concept of a real-terms increase in spending for next year was something of a culture shock.

Having our senses finely honed to austerity (i.e. inclined to suspicion) most of us proceeded to look for the catch.

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