Council 'Shocked' At Budget Hole

A county council has claimed a £133m budget hole has increased to £154m over three years, meaning more job losses and service cuts for residents.  Labour-run Nottinghamshire County Council said they had expected a £38m funding cut following George Osborne's spending review, but that had increased to £50m over two years.  It said a further £10m cut in 2016/17 will leave it with a £154m hole.  Council leader Alan Rhodes said the situation had arisen as a result of a proposal to give money the council usually receives from the government for developing new housing - the New Homes Bonus - to the Local Enterprise Partnership instead. "The proposal to transfer the New Homes Bonus to the Local Enterprise Partnership means we have less say in how it's spent.” Read more on the BBC website.