This is now two Tory run authorities in similar boats with very similar reasons - extreme bad management, breaching of fiscal rules, and lack of accountability for their actions.
Woking Council is in even more dire straits, with £1.2bn deficit (guardian article - Jun 23).
And on top of that two Tory county councils have warned they are on the financial brink - Kent and Hampshire (guardian article - Feb 23).
It may not just be Tory councils of course, but so far it looks like a pattern - at the minimum poor governance and a lack of oversight of councils by central government for loans given to councils.
This is now two Tory run authorities in similar boats with very similar reasons - extreme bad management, breaching of fiscal rules, and lack of accountability for their actions.
Woking Council is in even more dire straits, with £1.2bn deficit (guardian article - Jun 23).
And on top of that two Tory county councils have warned they are on the financial brink - Kent and Hampshire (guardian article - Feb 23).
It may not just be Tory councils of course, but so far it looks like a pattern - at the minimum poor governance and a lack of oversight of councils by central government for loans given to councils.