Labour Controlled Croydon Council Announce Official Bankruptcy mdi-fullscreen

Croydon Council has just issued a Section 114 notice – effectively the equivalent of bankruptcy – with immediate effect. They are the only London Borough in this position.

Local MP Chris Philp puts the blame squarely on the Labour administration:

Labour has bankrupt Croydon through poor financial control, running up £1.5 billion in debt and engaging in disastrous commercial property speculation.

Will the lights go out at their fancy Town Hall?

mdi-tag-outline Croydon
mdi-account-multiple-outline Chris Philp
mdi-timer November 11 2020 @ 16:08 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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