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.
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Joanne Pitt, CIPFA Senior Policy Manager, argues the Autumn Budget must pair funding decisions with long-term reform to secure local government’s future.
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