Job losses continue despite over £10bn in English Council reserves

The reserves held by local authorities in England will remain in excess of £10bn at the end of the 2011/12 financial year – a sign that many Councils are cutting back on jobs and services as a first resort rather than using reserves to balance budgets and offset reductions in Government funding. A full list of reserves is available at the DCLG website:  http://www.communities.gov.uk/news/corporate/2059125