This briefing note explores how local authorities financial pressures started building from a fall in funding and increase in service demand over the 2010s, and how some invested in infrastructure projects in the hope that they would replace falling central government funding through the 2010s. We then evaluate the consequences of the debt needed to finance these projects and to whether this will be made worse by higher interest rates.
Pub. Date
01 May, 2024
Pub. Type