The LGA is carrying out an analysis of the 108 councils who had acombined total of 800m invested in troubled Icelandic banks.Results of the analysis are due this week, but an LGA spokesman saidthat it is "unlikely" that any frontline services will be affected.
"We will have more detail later this week but we anticipate thatcouncils will still have money in place to deliver services," a LGAspokesman said.
He said in the worst case scenario of a council running out of money thegovernment is likely to intervene and offer financial support "on acase-by-case basis".
The big five children's charities - Barnardo's, the Children's Society,the NSPCC, Action for Children and Save the Children - are not effectedby the problems, despite other charities being caught up in theIcelandic banking disaster.
Register Now to Continue Reading
Thank you for visiting Children & Young People Now and making use of our archive of more than 60,000 expert features, topics hubs, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's Included
-
Free access to 4 subscriber-only articles per month
-
Email newsletter providing advice and guidance across the sector
Already have an account? Sign in here
