Dire warnings on the impact of public sector pension costs, and the ageing population generally, were made in last week's release of financial data from the Office for Budget Responsibility, while the Treasury for the first time issued the first-ever Whole of Government Accounts. Jonathan Werran looks at their implications for local government

As the great economist John Maynard Keynes sagely noted, in the long run we are all dead. Such a cheerful prognosis clearly inspired independent budget watchdog the Office for Budget Responsibility.