The Department told us that from April 2022, it will regularly collect much fuller information on local authority commercial property, companies and financial investments, the latter two of which it described as “an obvious risk”.62 The information on property investment will include location, which the Department acknowledged “in hindsight … would have been helpful” previously.63 From the same date the Department will also collect more detailed data on reserves, breaking down overall figures into new categories, and told us this will improve its ability to understand why authorities are holding reserves and why the levels of reserves are changing. The Department was clear that these changes reflect past Committee interest and recommendations.64