Part of 1. Questions to the Minister for Finance and Local Government – in the Senedd at 1:32 pm on 26 October 2022.
I thank Peredur Owen Griffiths for tabling this question. I just wanted to follow up as well on the point about reserves, because I think it is important, and you're right—people don't necessarily understand the definition of usable reserves, particularly those councils that call them usable reserves and then never use them. So, in my region of South Wales West, Bridgend, Neath Port Talbot and Swansea councils, in 2019-20, had a combined £288 million in reserves. In 2021, that went to £400 million. Can you explain why those three councils, two of them run by your party, have added £110 million to their usable reserves in a year and do you back it?