Cumbria County Council Cllr Tim Knowles quits cabinet
Cumbria County Council might need to cut £50 million off their revenue budget over the next 2 years, the proposals are under consultation
Cumbria County Council's full cabinet is meeting to discuss whether west Cumbria should host an underground nuclear waste store.
The Labour party and the Liberal Democrats have officially taken over the running of Cumbria County Council following the local elections.
The Conservatives had previously been the biggest party but recently suffered heavy losses.
The new administration says that its main priority will be tackling the huge financial pressures facing the council.
Watch the full report from Tim Backshall below.
Labour and the Liberal Democrats have officially taken over the running of Cumbria County Council following the local elections.
After the heavy losses suffered by the Conservatives, Labour's Stewart Young was elected as leader of the council this morning:
No party holds more than half of the seats so Labour will run the council in coalition with the Liberal Democrats.
Labour's Stewart Young, from Carlisle, has been elected as the new leader of Cumbria County Council.
His party won the most seats at the recent county council elections and will run the council in coalition with the Liberal Democrats.
Liberal Democrat Jo Stephenson, from Windermere, has been elected deputy leader.
For the previous four years the Conservatives were the biggest party on the county council and were in coalition with Labour, but Labour became the biggest party at this month's elections.
– Councillor Stewart Young
"Clearly the financial crisis is looming over everything else and we need to tackle that and we will tackle that but I think as well as that we need to invest in the county.
"There's a desperate need to bring additional jobs."
James Airey, from Ulverston, will be the Conservative and opposition leader.
The Conservatives say they fear that rural areas will lose out under the new administration.
A Labour and Liberal Democrats coalition is set to lead Cumbria County Council.
It follows a week of uncertainty after the local election results and will replace the former Labour-Conservative administration.
It is expected that six Cabinet seats will go to Labour and four will go to the Liberal Democrats.
The leader of the council will be named at a full council meeting on Thursday.
The Prime Minister has also criticised high payments to public officials following reports of a large severance deal being given to the Chief Executive of Cumbria County Council.
55-year-old Jill Stannard is retiring early from her post, which has a salary of £170,000 a year.
Carlisle's MP John Stevenson says he believes she will receive a large pay off:
Cumbria County Council leader Eddie Martin has announced that he will not stand for re-election in May.
The 72-year-old has spent almost three years as leader of the council and nearly five years in total as a councillor.
Councillor Martin had said that the time has come to spend more time with his family.
The scrutiny committee at Cumbria County Council has decided not to re-examine the initial decision against a potential underground nuclear waste dump in Cumbria.
The committee examined how and why the decision was reached to rule the county out of the project.
A meeting is being held to discuss the decision to turn down the proposals for an underground nuclear waste dump in Cumbria.
Cumbria County Council's scrutiny committee will examine how and why the decision was reached by local councillors last month.
Cumbria County Council are meeting in Carlisle to decide the budget for 2013/14.
They are expected to freeze council tax for the third year running, but are also expected to cut £24.5 million from their budget.
A senior member of Cumbria County Council walked out of a cabinet meeting in protest this morning - and has since quit his post.
Councillor Tim Knowles says that he felt compelled to go as a matter of principle.
His resignation comes a week after the cabinet voted against plans to look for a possible site to bury nuclear waste in the west of the county.
He spoke exclusively to Samantha Parker, and you can watch her full report below.