FINANCE

Financial fear for councils after reserves revelations

Several councils are being forced to use their general reserves as a knee-jerk reaction to funding cuts, despite stern warnings this could lead to financial collapse, The MJ has learned.

Several councils are being forced to use their general reserves as a knee-jerk reaction to funding cuts, despite stern warnings this could lead to financial collapse, The MJ has learned.

As demand for services increases and funding from central government decreases, a number of authorities have come forward to say their financial situations are unsustainable.

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