Commission has singled out
City Council as the only council in the UK to performed below minimum
requirements in its financial management, giving it an overall score of one in
its ‘use of resources 2007’ report into local authority finances.
Earlier this month, Tim Watkinson, district auditor, warned Liverpool’s
‘weak’ financial position might continue to deteriorate in 2008, according to
the Liverpool Daily Post.
The newly released Audit Commission report also criticises the council for
performing below minimum requirements in financial management and financial
Cllr Paul Brant, deputy Labour leader, said this was ‘concrete evidence’ of
financial mismanagement by the Liberal Democrat administration. ‘Council tax
payers are going to end up paying for their incompetence,’ he said.
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