FINANCE

Follow the Golden Spiral

Barry Quirk applies the Fibonacci sequence to addressing the delicate balance between cost-cutting and maintaining council service levels

How do we go about reducing our costs by one-third? At one level, cutting service budgets by one-third is theoretically easy.

Here are two simple solutions: either you provide the same service to just two-thirds of those who currently get the service (reducing the service coverage), or you cut the level of the service by one-third (reducing the service standards).

Barry Quirk

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