A recent Room151 Current Affairs Survey, sponsored by CCLA, has revealed that over 35% of councils have begun to invest their treasury assets in higher yielding instruments as a direct consequence of the funding squeeze. The survey also highlighted a polarised view of financial resilience with 16% of finance officers surveyed “very confident” about their council’s sustainability compared to 10% who were “not very confident” about their financial standing. In a section on commercialisation, nearly 50% of councils said they would be borrowing over the next two years to fund income generating commercial investments. See the full survey results here https://room151.dev.docandtee.com/wp-content/uploads/2018/05/Room151-2018-Current-Affairs-Survey.pdf
