Report says council’s cash to last two years
0 Have your say Lancashire County Council is heading for financial disaster with its reserves set to run out by 2018/19, an independent report has found.
Expert accountants have predicted the Government could be called in to run essential services if the council can no longer afford to do so.
The report by financial experts at PwC (Pricewaterhouse Coopers) was commissioned by the council in a bid to bolster its case for more cash.
In 70 pages it reveals just how empty the council’s coffers will soon become.
The council’s deputy leader Coun David Borrow now plans to use the report to... read more
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