Tag Archives: Financial Times

£500m difference in audit figures is looking like a Brum deal

COUNCILS IN CRISIS: A report from forensic auditors has raised questions about one council’s bankruptcy that could persuade others, including cash-strapped Croydon, to ask whether they are getting proper analysis of their struggling finances An academic report into the parlous … Continue reading

Posted in Council Tax, Croydon Council, Libraries, Mayor Jason Perry, Report in the Public Interest, Section 114 notice | Tagged , , , , , , , , , , , , , , | 3 Comments

‘Can’t deal with debt’ admits Perry as he borrows £38m more

CROYDON IN CRISIS: Council staff morale ‘at an all-time low’ according to a national newspaper report, while the bankrupt borough’s part-time Mayor’s only answer to its financial struggles is to borrow even more money Last week, Inside Croydon columnist Andrew … Continue reading

Posted in Council Tax, Croydon Council, Mayor Jason Perry, Section 114 notice | Tagged , , , , , , , , , , , , | 4 Comments

Sadvertiser owners in multi-million pound sell-off

Northcliffe Media, the regional newspaper subsidiary of the owners of the Daily Mail, and the operators of the failing Redhill-based Croydon Sadvertiser, has sold off the group. In the deal, announced this morning, Daily Mail General Trust is receiving a … Continue reading

Posted in Business, Gavin Barwell, Local media | Tagged , , , , , , , | Leave a comment

£4m “secret” treasure found under Croydon’s riot-hit streets

The Financial Times reports today that £4 million of gold and jewellery has just been recovered from the ruins of a Croydon pawnbrokers that was destroyed in the riots on August 8. Involving a secret police operation to foil conniving … Continue reading

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Thomas shows true grit with £37m of Croydon’s money

Mouchel is a service company in crisis. But that hasn’t stopped their subsidiary winning a massive contract to maintain roads in Croydon, writes ANDREW PELLING When not advertising the borough’s brothels or handing down the latest tablets of wisdom straight … Continue reading

Posted in Croydon Council, Phil Thomas | Tagged , , , , , , | 2 Comments