FINANCE

More than a third of councils face financial failure

More than a third of councils in England are at risk of financial failure in the next decade, with one in five on track to reach breaking point in the next three years, a new analysis has found.

More than a third of councils in England are at risk of financial failure in the next decade, with one in five on track to reach breaking point in the next three years, a new analysis has found.

A report from Grant Thornton found the most vulnerable councils are London boroughs, with 78% (25) forecast to crash by 2028, while half of unitary authorities and metropolitan councils are expected to be at risk of financial collapse in the next decade.

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