FINANCE

Exclusive: Treasury bombshell

Danny Alexander's demand for £1.4bn reserve leaves councils exposed to possible in-year grant cuts, sources warn.

Danny Alexander's demand for £1.4bn reserve leaves councils exposed to possible in-year grant cuts, sources warn

Local government ministers have been forced to ‘war game' controversial in-year cuts to current council budgets following the Treasury's demand that all Whitehall departments must set aside a 5% cash contingency, The MJ has learned.

Jonathan Werran

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