Fears as ministers eye rising council reserves

By Heather Jameson | 15 December 2022

New Government plans to scrutinise council reserves have sparked fresh fears ministers are encouraging local authorities to ‘sail close to the wind’ with their finances.

A policy statement from the Department for Levelling Up, Housing and Communities launched on Monday – aimed at giving councils a steer on what to expect in next week’s provisional local government finance settlement – highlighted the growing levels of reserves held by councils.

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Budgets and efficiency Whitehall Finance Local Government Association Politics New Homes Bonus Legal Policy Solace Eric Pickles General Election Funding Reserves James Jamieson Fair Funding Review DLUHC