Isle of Wight debt accounts for 42% of annual budget
Image: CHOKCHAI POOMICHAIYA / Shutterstock.com.
Isle of Wight Council has insisted it borrows to invest in essential projects after revealing its debt amounts to 42% of the authority’s annual budget.
Cllr Elizabeth Campbell, leader of Kensington and Chelsea, warns that the Government’s fairer funding plans could force London councils into cutting services.