The Evening Standard has revealed that Tory Kensington & Chelsea, Britain's richest borough, has refused to use its unexpectedly high £148 million cash reserves to save services for elderly and mentally ill Londoners and children, preferring to cut by £23m instead. See full story here.
Reserves are rainy day money to be used to protect people when times are toughest, as now. By not using them, is K&C ruthlessly preparing the ground for its "triborough" partnership with fellow Tory slashers Hammersmith & Fulham and Westminster councils? Is a rush to the bottom what this cosy arrangement is really all about?