Political

Strange things going on with local government spending

From the Office for Budget Responsibility:

Last year’s budget deficit has been revised down by almost £6 billion to just under £120 billion. Local authorities spent less than we and the ONS expected in 2011-12, adding £2.6 billion to their reserves rather than drawing them down.

First sentence is obviously good news. Second sentence however is rather strange given all the talk about cuts.

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