Reposted
Gosh, not another Tory govt austerity programme causing the (ongoing) fiscal immiseration of local government & leading to the gutting of public services at all levels.
Ignoring (or copying) the UK’s experience was therefore a deliberate choice by our govt.
Ignoring (or copying) the UK’s experience was therefore a deliberate choice by our govt.
The Government’s push to reduce its own borrowing to lower borrowing costs for all is backfiring because it turns out pushing costs and debt out and on to councils in an abrupt and chaotic way has just forced S&P to cut 18 council debt ratings. 1/4 thekaka.substack.com/p/s-and-p-do...
S&P downgrades 18 councils, blaming Govt
S&P cuts 18 council debt ratings by one notch with another cut possible for Dunedin & Wellington; S&P cites new Government's abrupt reversal of 3 Waters, cuts to capital grants & new unfunded mandates
thekaka.substack.com
March 23, 2025 at 8:57 AM
Gosh, not another Tory govt austerity programme causing the (ongoing) fiscal immiseration of local government & leading to the gutting of public services at all levels.
Ignoring (or copying) the UK’s experience was therefore a deliberate choice by our govt.
Ignoring (or copying) the UK’s experience was therefore a deliberate choice by our govt.