Maxing-Out. The Recklessness of Local Authorities.

European Union Taxation Comment and Analysis Democracy Financial Services

Multiple credit cards and a carefree attitude to paying-off bills was at one time the preserve of the more feckless section of society. These days it seems to be a universal ill of local finances and it is a trend that central government has fostered. As local authorities teeter on the brink of insolvency – indeed by any 'normal' accounting assessm...