More struggling councils to sell assets and borrow cash
Briefly

The UK government has decided to ease budgeting restrictions for a record 29 English councils, allowing them access to Treasury loans and cash from asset sales to meet operational expenses. This marks an increase from 19 councils that sought similar flexibility this year. Councils are set to have a total budget of 69.4 billion next year, contingent on a maximum allowed council tax increase. Local leaders are raising concerns that even this increased budget may not adequately address the rising costs related to mandatory services, such as social care.
The government has relaxed budgeting rules for 29 English councils, allowing them to use Treasury loans or cash from asset sales to balance budgets next year.
Councils in England will have a total of 69.4bn to spend next year, but leaders argue that this budget increase will not cover rising mandatory service costs.
Read at www.bbc.com
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