Former director general of the Greater London Council, Maurice Stonefrost, has died at the age of 81. He was DG of the GLC under its last leader Ken Livingstone from 1984-85 and as president of CIPFA in 1985 he proposed a paper to reform local government finances by increasing the amount of revenue raised locally. He later estimated that the abolition of the GLC with its huge clout in the money markets cost an extra £750m in public borrowing interest rates by the bodies that replaced it.
