Failed investments have put Thurrock Council in a grave financial position and facing a deficit of nearly half a billion pounds this year, the commissioners sent in to sort out the authority’s...
A solar investment company of which Thurrock Council has been named as a “major creditor” has entered into administration in a move the authority has said could help to reduce its high level of debt...
Crisis-hit Thurrock Council has been given permission by the government to borrow almost £840m from the Public Works Loan Board to repay finance from other local authorities.
Thurrock Council could be forced to make £2m of cuts this year despite using millions of pounds from its reserves, amid a 10% drop in investment income.
A district council is planning to invest £56m in commercial property outside its boundaries this year, funded through borrowing from other local authorities.
Thurrock Council invested £85m in a solar farm scheme based on a "materially false” prospectus that failed to mention suspected defects with the equipment, according to a High Court judge.
A tribunal has approved a last-minute extension allowing Thurrock Council to continue its battle against being forced to reveal details of borrowing and investment activities of around £700m.
The Bureau of Investigative Journalism has won the first half of its battle to force Thurrock Council to disclose details of more than £700m of loans from other councils and the investments they went...
Thurrock Council has rejected concerns raised in the Financial Times over its investment strategy, which has seen it borrow more than £1bn from other councils.
