Surprise surprise - I'm still waiting for @thurrockcouncil to explain why it borrowed £125m of public money last month (or to even acknowledge my Qs). I'm told opposition leader asked but has also been given no response.
This is not how a local authority should conduct itself
I've reported on local authorities for 12 years so no stranger to how they deal with the press. I've been told 'it's not a story', shouted and sworn at, pulled in for meetings, received complaints to editors and even the PCC.
I've never been repeatedly ignored, until now
Even those councils who thought I was a pain in the backside or paid only lip service to transparency and accountability, never just ignored me when given the chance to explain or respond to something.
At the very least they realised it was just bad PR
This isn't a trivial matter. I'm not asking how much councillors spend on biscuits. It's £125m of public money - the equivalent of more than half of what the council spends each year on services (not to mention the other £1bn it refuses to disclose)
Anyway, it just so happens that on November 19 we'll be having an online discussion about the culture of secrecy surrounding local councils. We've got a great panel so please do come along. Register here: crowdcast.io/e/what-goes-on…
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Exclusive: Croydon Council issues Section 114 notice - effectively the equivalent of bankruptcy - with immediate effect
It's the first local authority to do so since Northamptonshire County Council in 2018
A notice informing councillors was sent out minutes ago by Lisa Taylor, the council's director of finance, investment and risk - and the authority's Section 151 officer
The immediate cause is the financial impact of Covid-19 but, as I explained in the thread below a few weeks ago, the council's financial problems are far more ingrained than that
THREAD: Auditor Grant Thornton has issued a rare 'public interest report' into the crisis at Croydon Council.
It's an indictment of serious financial mismanagement, and a microcosm of the risks, highlighted by @TBIJ's work, taken by an increasing no. of local authorities
For those not aware, Croydon Council is on the verge of financial collapse. It faces a budget gap of £65m, far in excess of its reserves. As such it was hopelessly ill-prepared for Covid-19 and the council has, in effect, sought a bailout from @mhclg
Grant Thornton first raised the alarm about the council's financial position (specifically the rate at which it was burning through reserves) in 17/18. It did so again, in worsening terms, in 18/19 and 19/20.
These warnings were effectively ignored, the report says.
REVEALED: A council in Essex borrowed £1 BILLION from local authorities across the UK - then invested most of the cash in money-making ventures. Now it refuses to say who it borrowed from and what it invested in thebureauinvestigates.com/stories/2020-0…
In the starkest example yet of the commercialisation of local government, a nine-month investigation by @TBIJ & @FT found Thurrock Council borrowed from more than 150 local authorities across the UK - then invested £702 million in attempt to become self-sufficient
Thurrock invested most of the money in the solar industry, including up to £420 million in a single company, that then used the cash to buy more than 50 solar farms across the UK. But there are questions about the business model and the risk to public money
My 4-year-old nearly caused national food shortage this morning. Got hold of mum's phone while she slept and ordered 990 mini Peperamis, and a combined 1,200 bakewell tarts and Fab ice lollies from Tesco. Total order £451.27. Even booked a delivery slot
When asked for comment, he said: "I wanted to have more food than everyone else"
Stopped using Twitter but thought I'd reassure everyone a national crisis had been averted
Big news for local councils yesterday as the Treasury unexpectedly increased the Public Works Loan Board (PWLB) interest rate by a full percentage point. Doesn't sound like a big deal? Think again
The PWLB is the main source of local authority borrowing. Its low interest loans help councils finance the construction and maintenance of things like schools and roads. Such a significant increase to the rate of borrowing will have a huge impact on the sector
In a letter to chief finance officers at councils across the country, the Treasury said the decision came after "some local authorities have substantially increased their use of the PWLB in recent months". But if they're building schools and fixing roads, so what? Well...
Marc Marshall, the defendant who died yesterday after dousing himself in acid in court, was Mark Hill-Wood, a fraudster I investigated for the best part of a year back in 2015/16 bbc.co.uk/news/uk-englan…
Marshall, or Mark Roger Castley as he was known, was one of the UK's most prolific fraudsters, a conman who had spent the best part of 30 years tricking people out of their money. His first conviction was in 1991
He was jailed multiple times. In 2004 for making hundreds of thousands of pounds through a scam involving bogus surveillance equipment and in 2008 for conning people in Stevenage into funding his wedding and helicopter trips to Ascot