There was an article in the Evening Post a few weeks ago detailing strategic risks to the Council taken from a committee report. Unfortunately, they did not publish it on their website. Here are the seven risks identified:
Unable to protect children from harm
Failing to provide school places for every child
Not ready to run a general election
Failing to meet fire safety regulations
Failing to keep within budget
Unable to maintain and service delivery from the Civic Centre
Failing to deal with projected cash shortages expected in the public sector.
This is pretty damning for the Labour Party who have been running Reading many years. However, if they wanted to the Lib Dems and Tories could get together and run the Council themselves -- as Labour do not have a majority -- but they are reluctant to do this as it is far easier to be out of power and criticise the Council.