Cities and local governments must be prepared to face up to the pressures of massive budgets cuts, with reductions of 25-30% having to be seriously considered, claims a PricewaterhouseCoopers report released on April 12. The report, based on interviews with local government leaders in 22 countries, outlines the challenges and opportunities facing local leaders following the onset of the global financial crisis. The report entitled 'Seizing the day: The impact of the global financial crisis on cities and local public services' also outlines the window of opportunity over the next 12 months for local government leaders to prepare for transition as the private sector takes off. The report calls on local government leaders to get back to basics, focus on retaining talent, design and develop new service delivery models and collaborate across agencies and geographies. Available video include soundbites from PricewaterhouseCoopers partners Hazem Galal and Steve Beet.