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Dan Bates: section 25 statements are now required reading – here’s why

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Section 25 statements have changed significantly in recent years, increasing in both length and importance. Room151’s head of research Dan Bates has read a significant proportion of them – and offers his key takeaways here.

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Over the past few years, as local government financial resilience has been seriously tested by demand pressures, economic shocks and an uncertain funding outlook,

Paul Guilliotti, director of Financial Services, Richmond and Wandsworth Councils argues that current high funding levels should be approached with caution as marginal changes to discount rates can potentially have a significant impact.

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