Slough council will end up millions of pounds over budget by the end of the year – despite the significant efforts to try to improve its financial position. Because of increasing costs in adult social care, inflation and difficulty selling off assets, Slough Borough Council (SBC) is in a worse position than it previously anticipated. According to the council’s draft financial position for 2023/24, the provisional overspend is more than £15.5million. The overspend will need to be financed from the council’s reserves. These arise from ongoing pressures in adult services (£4.8million), homelessness (£5.6million) and interest costs (1.2million).

Source: Express June 18, 2024 16:02 UTC