Hailed as a radical departure from a centralised target culture, the act intends to give councils and local people greater powers to shape their area and local services. Involvement in identifying local needs as well as participation in the planning and allocation of budgets are just some of the things we are told to expect to happen as this "power shift" begins to take hold.
But is this good news for families who are worried about the impact of budget reductions on their local services? There might be less money available, but at least they will get to have their say about what is important and to influence how that money is spent.
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