Tag Archives: £540m debt write off

£540m debt write-off shows Perry has failed on finances

CROYDON IN CRISIS: His political opponents say the elected Mayor ‘has sold Croydon down the river for his own political reasons’, and his 15% tax hike is ‘punishment’ for residents. By STEVEN DOWNES Croydon’s council has been so “spectacularly useless” … Continue reading

Posted in Callton Young, Claire Bonham, Council Tax, Croydon Council, Mayor Jason Perry, Peter Underwood | Tagged , , , , , , , , , , , , , , , , | 3 Comments

Government to write off £540m of council’s debts, as Croydon becomes the Northern Rock of England’s local authorities

Tory minister Michael Gove asked to agree deal that wipes half a billion pounds from council’s mountain of debt After spending months complaining about council’s ‘unsustainable’ debt, Mayor Jason Perry is seeking to borrow another £224m Perry’s 15% Council Tax … Continue reading

Posted in Council Tax, Croydon Council, Jane West, Jason Cummings, Katherine Kerswell, London-wide issues, Mayor Jason Perry, Rowenna Davis, Section 114 notice, Tony McArdle | Tagged , , , , , , , , , , , , , | 11 Comments