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Awesome news.
One of the UK’s largest Conservative-run councils has warned it faces “financial meltdown” and has called on ministers to fix the “broken” local government funding system to avoid it and many other authorities plunging into effective bankruptcy.
Hampshire county council said without a major overhaul of council finances in England – which it admitted was unlikely to come in time to prevent further cuts – it would be forced to push ahead with drastic reductions to local services over the next 18 months.
The council has to find £132m by April 2025 to fill a widening budget gap but has warned it cannot rely on operational cuts and council tax rises alone to balance the books without ditching “safe” levels of core service.
Tory-run Hampshire council says it faces ‘financial meltdown’
Council says without help it may be forced to make drastic cuts to local services to avoid bankruptcy
www.theguardian.com
Tory-run Hampshire council says it faces ‘financial meltdown’
Council says without help it may be forced to make drastic cuts to local services to avoid bankruptcyOne of the UK’s largest Conservative-run councils has warned it faces “financial meltdown” and has called on ministers to fix the “broken” local government funding system to avoid it and many other authorities plunging into effective bankruptcy.
Hampshire county council said without a major overhaul of council finances in England – which it admitted was unlikely to come in time to prevent further cuts – it would be forced to push ahead with drastic reductions to local services over the next 18 months.
The council has to find £132m by April 2025 to fill a widening budget gap but has warned it cannot rely on operational cuts and council tax rises alone to balance the books without ditching “safe” levels of core service.