New figures show full scale of county's cash challenge

11 October 2011

The full scale of the financial challenges still facing public services in Northamptonshire are revealed today with new figures showing more than £100m still needs to be saved over the next four years.

Northamptonshire County Council is already well on target to achieve the £69m it needed to save this year however updated figures taking into account the latest forecasts of government funding cuts, the county’s growing, ageing population and service pressures show the scale of the challenge continues.

The figures show that savings in the region of £100m need to be achieved over the next four years and in a radical new move the council will be publishing its first ever four year detailed budget plan in December to show how it proposes to meet this figure.

Cabinet member for finance Cllr Bill Parker said: “This is a time of great global economic turmoil and we are certainly not insulated from this. Latest figures show that the national debt currently stands at £15,000 for every man, woman and child in the country and this will rise to £20,000 over the next four years – these shocking figures show the sheer scale of the challenge facing the country as we aim to reduce this debt.

“Here in Northamptonshire we are already playing our part. We have made some very painful decisions over this last year but we are well on target to delivering the most challenging budget we have ever set. However we now need to use the strong financial foundations we have laid down to rise to the challenges of the next four years.”

Leader of the council Cllr Jim Harker said: “In December for the first time we will be giving full details of budget proposals covering the next four years. A huge amount of work is already well underway and colleagues in the cabinet and officers are meeting regularly to work up these proposals to ensure in December we will be able to give a clear set of proposals detailing exactly how we will deliver our budget over the next four years.”


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