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.
David Phillips of the IFS tells LocalGov why England's regional finance reforms are modest by global comparison and what ministers still need to get right.