FINANCE

Reining in the risks?

South Somerset DC takes an entrepreneurial approach that it says has turned it into a council that no longer cuts services. But will the current review of the prudential framework inhibit the sector from spreading investment risk? Dan Peters reports.

Although local government secretary Eric Pickles was a divisive figure during his time as a minister, there is no doubt that evidence of his legacy remains.

One of the key changes he set in motion was the introduction of a general power of competence, designed not only to increase local authority powers, but improve the confidence of council officers and members as part of a devolutionary, cultural shift.

Dan Peters

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