Tag Archives: £540m debt write off

Council loaned Brick by Brick additional £47.3m last year

Posted on January 24, 2024 by insidecroydon

CROYDON IN CRISIS: In its latest report to Michael Gove, the Government’s improvement panel reveals a £38m hole in cash-strapped council budgets for the next four years – and repeats plea for unprecedented half-a-billion pounds loan write-off Croydon’s cash-strapped council … Continue reading →

Posted in Adult Social Care, Children's Services, Croydon Council, Housing, Improvement Board, Katherine Kerswell, Mayor Jason Perry, Report in the Public Interest, Section 114 notice, Tony McArdle | Tagged , , , , , , , , , , , , , , , , | 5 Comments

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

Posted on February 21, 2023 by insidecroydon

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

Posted on February 17, 2023 by insidecroydon

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