Somerset Council Faces Financial Crisis Amid £73 Million Budget Gap Saturday, December 13, 2025 somerset budget council finance crisis transformation auditors funding assetsales bankruptcy Somerset Council is confronting a severe financial crisis, with an estimated £73 million budget shortfall raising fears of a “lingering death,” according to councillors and auditors. The authority recently … Read More
Council ‘Rainy Day’ Fund Set to Plunge by £65m Over Three Years Thursday, November 27, 2025 northsomerset councilfinance reserves budget socialcare auditors financialplanning governmentfunding localgovernment costcuts North Somerset Council’s financial reserves are on track to decline dramatically, falling from £125.8 million in 2023/24 to just over £40 million by 2027/28, according to a report by external auditors Grant Thornton. This … Read More