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News and Comment January 2022

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1 January (Part 2) - Must do better

After ten days of regurgitating old news it is time to tackle some new subjects and the Department for Levelling Up, Housing and Communities report into Bexley’s poor financial state will provide the fall back position.

The report follows on from Bexley's skirmish with near bankruptcy a year ago and to my inexpert eye it identifies historical problems which many people, including the Labour Group and even I, saw coming. You can only sell off the family silver once for example and some of the investments look to be unwise with “significant risks” however the report is not without some optimism for the future. The most frequently occurring phrase is the need for close monitoring.
CIPFA
In a Ministerial letter dated 8th December Council Leader Teresa O’Neill is required to respond to the report “within the next month” which is a rather vague phrase which could be interpreted as by 31st January.

In coming days the more interesting parts of the report will appear here in bite sized chunks.

 

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