Some of you may have spotted the article in the Sunday press a couple of weeks ago questioning the high level of remuneration of some local government chief executives. For some reason the Isle of Wight was mentioned, and it was rather unkindly pointed out, apropos of who knows what, that it was the only one of the 150 upper tier councils in England that received a reduced score from the District Auditor last year for "Financial Standing".
This is indeed true. The score fell to two out of four, which means that in terms of the strength of its financial position the Council is now in the bottom 12% nationally, and with only Liverpool and Harrow in a worse state.
Looks like this decline predated the credit crunch by several months, and is clearly a local phenomenon that our rulers needn't be shy about claiming full credit for.
Tuesday, 27 January 2009
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