The controversial proposed financial resilience index is likely to be a ‘compromise' between critics who believe it is unhelpful and supporters who welcome its timing, according to the Chartered Institute of Public Finance and Accountancy's (CIPFA) chief executive Rob Whiteman.

Speaking at a fringe session at the Society of Local Authority Chief Executive's (SOLACE) summit yesterday, Mr Whiteman said the 180 responses to the summer's consultation showed the ‘huge interest' in the plans.