FINANCE

Reserves - not a pot to be plundered

Alex Thomson explains why it is more important than ever for councils to resist widespread pressure and keep healthy reserves - not only the financial kind

A great deal has been written and said about local authority reserves in the past few years. It has been thankfully rather less high profile in recent months. But for local authorities, reserves of all kinds are now more vital than ever.

With more power to shape local circumstance than at any point in the last three decades and much depleted budgets, the landscape in which local authorities operate has become a lot riskier.

Alex Thomson

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