The Trade Unionist and Socialist Coalition says:
No to Cuts and Privatisation!
Make the Bosses Pay!
Wednesday 31 October 2018
TUSC annual report on Labour councils - 'How Much Reserves Have They Got?'
The Trade Unionist and Socialist Coalition (TUSC) has published its third annual report on the level of reserves held by Labour-led councils across Britain.
Presenting a statistical profile of all the 125 Labour-led councils in England, Scotland and Wales, the report reveals "the substantial resources of the local state under the control of the Labour Party" - which, the introduction argues, would make them "a potential counter-power to the Tory government" if councillors were prepared to fight.
The TUSC report, entitled How much reserves have they got?, is available as a downloadable PDF by clicking http://www.tusc.org.uk/txt/427.pdf
For more information on how councils' reserves and borrowing powers could be used to produce an arguably legally-compliant no cuts budgets see the TUSC briefing document, Preparing a No Cuts People's Budget, at http://www.tusc.org.uk/txt/355.pdf