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851616
registered interest false more like this
date less than 2018-02-28more like thismore than 2018-02-28
answering body
Ministry of Housing, Communities and Local Government more like this
answering dept id 7 more like this
answering dept short name Housing, Communities and Local Government more like this
answering dept sort name Housing, Communities and Local Government more like this
hansard heading Local Government Finance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Housing, Communities and Local Government, whether his Department has issued instructions to local authorities to build up reserves. more like this
tabling member constituency York Central more like this
tabling member printed
Rachael Maskell more like this
uin 130379 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-03-07more like thismore than 2018-03-07
answer text <p>Councils are free to determine the level of reserves they hold and are accountable to their electorate for the decisions they make. They are required by statute to hold a level of unallocated reserves commensurate with sound financial risk management.</p><p>No specific instructions have been issued to local authorities in relation to building up their reserves. Nor is there any national guidance on the minimum or maximum level of reserves, either as an absolute amount or as a percentage of the budget. To ensure prudent management, some authorities will maintain reserves at higher levels than others</p><p> </p><p> </p><p> </p> more like this
answering member constituency Richmond (Yorks) more like this
answering member printed Rishi Sunak more like this
question first answered
less than 2018-03-07T15:30:01.317Zmore like thismore than 2018-03-07T15:30:01.317Z
answering member
4483
label Biography information for Rishi Sunak more like this
tabling member
4471
label Biography information for Rachael Maskell more like this