Councils across Wales are currently more than £5 billion in debt according to a report released by the Public Accounts Committee this month.

The report showed the massive amount of debt owed by local authorities right across the UK to lenders, which some say could leave residents facing an “extreme and long-lasting” impact on local services.

It came after Reach Shared Data Unit analysis of data by the Department for Levelling Up showed that councils across the UK owe a combined £97.8 billion to lenders as of September 2023, a sum that is equivalent to £1,455 per person.