LIB DEMS WARN OF THREAT TO COUNCIL SERVICES FOLLOWING INTEREST RATE CUT

The County Council will have to trim its budget by a further £600,000
following the Bank of England’s interest rate cut.

Liberal Democrat Group Leader Chris White said: ‘There is a downside to interest rate
cuts. Many older people rely upon interest payments as part of their income. They are
also significant users of council services suffering an ever tighter financial squeeze as
the credit crunch and interest rate cuts start to bite.

‘We will be urging the county council not to pass today’s cut onto front line services.’