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Spending Review: Councils pushed to 'draw on reserves' amid assets shake-up

George Osborne has urged councils to ‘draw on reserves’ to improve local services, while gifting greater freedom over asset sales.

By Thomas Bridge | 25 November 2015

George Osborne has urged councils to ‘draw on reserves' to improve local services, while gifting greater freedom over asset sales.

Delivering his Spending Review and Autumn Statement, the chancellor announced local authorities would be able to keep hold of all funds raised through the sale of assets to improve local services.

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Popular articles by Thomas Bridge

  1. Autumn Statement: Hammond 'reinforces' Universal Credit with benefit tweaks
  2. 'United action necessary' as homelessness numbers soar
  3. Hammond expected to tackle housing, care and 'Jams'
  4. Making change happen
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