Council forced to stop spending after it ends up in £469,000,000 worth of debt

Belgique Nouvelles Nouvelles

Council forced to stop spending after it ends up in £469,000,000 worth of debt
Belgique Dernières Nouvelles,Belgique Actualités
  • 📰 MetroUK
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 82%

A Conservative council has said it will no longer make any ‘non-essential’ spending after it racked up £469,000,0000 in debt.

‘I am absolutely determined to make that happen with tough decisions and working with all our council’s staff to do the right thing to get this council back on its feet.’

In 2018, the council were accused of having ‘an extreme appetite for risk’ after they provided £655 million to companies via bonds which included the purchasing of 53 solar farms. Two years later the government said it was intervening because of the ‘serious financial situation’, and appointed Essex County Council to oversee any new spending.Following this, council leader Rob Gledhill resigned, saying ‘the political buck tops with me’.

‘This disaster has been made and delivered by Thurrock Conservatives and it’s high time they accept responsibility for their actions and resign.’ he said. Mr Coxshall however said ‘residents and staff should feel safe’ knowing that essential services such as street lighting, road gritting and social care would continue.Get in touch with our news team by emailing us at

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

MetroUK /  🏆 13. in UK

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Ukrainian refugee lands Glasgow council job helping others fleeing warUkrainian refugee lands Glasgow council job helping others fleeing warMariia Khapun's new job allows her to use her own personal experience of fleeing war and starting life in a new country to make the transition as easy as possible for other refugees
Lire la suite »

I live in UK’s ‘most miserable’ city - greedy council only cares about cashI live in UK’s ‘most miserable’ city - greedy council only cares about cashWITH its magnificent castle, cobbled streets and friendly residents, Colchester looks like a perfect destination to while away a weekend over Christmas. But this week, despite its proud history and…
Lire la suite »

Wildflower row council expands biodiversity schemeWildflower row council expands biodiversity schemeTen more areas are added to the rewilding programme which is now in its third year.
Lire la suite »

Wildflower row council expands biodiversity schemeWildflower row council expands biodiversity schemeThe TV presenter criticises a council after an area of wildflowers is cut down in Derbyshire.
Lire la suite »

New CCTV cameras in Chesterfield are cutting crime, says councilNew CCTV cameras in Chesterfield are cutting crime, says councilCouncil bosses say Chesterfield has seen a drop in shoplifting and antisocial behaviour.
Lire la suite »

Council to stop running Shropshire working farm visitor attractionCouncil to stop running Shropshire working farm visitor attractionOne of the county's longest-running visitor attractions will no longer be run by Shropshire Council as the authority looks to save money.
Lire la suite »



Render Time: 2025-03-26 05:41:11