Councils in England draining reserves to stay afloat, leaders say

Survey of 24 city authorities finds two in five plan to sell off assets and reduce services

Local authority leaders say they are having to drain their financial reserves to keep services afloat and avoid effective bankruptcy.

A survey of the mid-tier group of English city councils, which includes Southampton, Hull, Sunderland and Norwich, found that many that had previously avoided financial difficulties during periods of austerity were close to running out of funds.