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.
How councils perceive vulnerability, not just financial position, shapes whether they fall into a cycle of short-term cuts or build longer-term resilience.
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