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Spending Review 2010: Local authority funding cut 28%

george-osborne

Chancellor George Osborne has cut local government funding by 28% over the next four years but has vowed to give councils more financial control.

The cuts made under the Spending Review will see councils lose around 7% off their spending power each year until 2014/15 but the ring-fencing of local government revenue grants will end in April 2011

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Hidden risks in insurers’ culture and misconduct data

Insurers are under growing regulatory pressure to treat non-financial misconduct as a core conduct risk, according to Loka Venkatramana from Pathlight Associates, who says they should use cultural and behavioural data with the same rigour as financial metrics to identify and address problems before they damage customers, staff or the market.

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