One in six English councils could now run out of money as early as next year, without additional income or substantial further budget reductions.

  • According to data from Grant Thornton’s Financial Foresight tool, developed with the Chartered Institute of Public Finance and Accountancy (CIPFA), English councils face a £7.3 billion black hole by 2025/26, an increase of £4.6 billion since the beginning of this year.

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