Councils Cry Poverty — While Quietly Lending Each Other £Millions
We’ve just been handed a neat little window into how modern local government really works. On Tuesday 10 March, Folkestone & Hythe District Council’s Finance and [...]
Inter Authority Lending
Kent County Council loaned £20m to authority now under investigation due to ‘exceptional’ debt
During the financial year 1 Apr 2021 & 31 Mar 2022, Kent County Council (KCC) lent £20m to Thurrock Council which is now under investigation due to its “exceptional [...]