Ten Things You Need to Know Today: Wednesday 29 May 2019

1. Local councils ‘running out of reserve cash’

At least 11 local councils in England have been warned by a spending watchdog that they will have “fully exhausted” their cash reserves – money held back to deal with projects or emergencies such as flooding – within four years unless they top them up. The Local Government Association said that councils face “systematic underfunding”, the BBC reports.

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