Capital and Revenue

The Guardian has another story claiming Councils are selling off assets to plug gaps in revenue spend.  There is no surer way to end up like Northamptonshire Council.  An asset sale gets a one off receipt.  A one off receipt should be used for a one off expenditure (such as a service transformation).  Otherwise you are simply delaying a cut, not preventing it, and you may end up with no cash and your organisation collapsing about you.