CHARTERED INSTITUTE OF PUBLIC FINANCE AND ACCOUNTANCY

Reserves grow to £31bn, resilience index reveals

Councils’ reserves have grown to £31bn from £29bn in 2020-21, this year's edition of the Chartered Institute of Public Finance and Accountancy's resilience index has revealed.

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By Ann McGauran | 20 December 2022

The 2022 edition of CIPFA's Resilience Index reveals that councils' reserves have grown to £31bn, up from £29bn in 2020-21.

Of the £31bn of reserves, £27bn has already been earmarked for future use, leaving only £4bn unallocated.

Ann McGauran

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Ann McGauran

Popular articles by Ann McGauran

  1. Forging ahead with optimism
  2. Next government 'should bring big cities up to par with G7 peers'
  3. Stronger Things: 'Go deeper to deal with the age of division'
  4. Probing the profit motive
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