One in six English councils could now run out of money as early as next year

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.

• Source: Grant Thornton https://www.grantthornton.co.uk/news-centre/one-in-six-councils-at-risk-of-running-out-of-money-next-year/