google-site-verification: googlec7193c3de77668c9.html

Thurrock threatens to sue councils over its failed investments

Thurrock Council told the BBC the claim was “against a representative group” of councils who are APSE members “to reduce the impact and cost of the legal action for all the councils involved”.

“Under the court procedure, the presumption is that a claim against the representative councils will be binding against all 250 APSE member councils,” a Thurrock spokesperson said.

High Court proceedings have begun against businessman Liam Kavanagh and Rockfire Group, who Thurrock invested hundreds of millions with.

Last year, a government commissioned report concluded Thurrock, which at the time was run by a Conservative administration, lost “substantial sums of public money” because of systemic weaknesses and a “dereliction” in leadership.

John Kent, who has been the leader of the council since Labour resumed control in May 2024, said “we have a duty to consider all lines of recovery”.

Thurrock Council managed to claw black £513m last year from divestments which was used to pay back loans.

A further £90m is expected to be recouped, external this year.

Its current debt level is understood to be about £1bn.

The full list of councils facing possible legal action:

  • Bolsover, Derbyshire

  • Bournemouth, Christchurch and Poole

  • Bristol

  • Cardiff

  • Derby

  • East Riding of Yorkshire

  • Eastleigh, Hampshire

  • Flintshire

  • Gedling, Nottinghamshire

  • Hertfordshire

  • Isle of Wight

  • Luton

  • Oxfordshire

  • Preston

  • South Oxfordshire

  • South Tyneside

  • Southampton

  • Stockton-on-Tees

  • Swansea

  • Vale of Glamorgan

  • Warrington, Cheshire

  • West Lindsey, Lincolnshire

  • Wolverhampton


Source link

Views: 2

See also  Starmer: Sunak has to answer for his own actions

Check Also

Lib Dem MP pushes defence secretary on funding

‘Is this genuinely new investment or simply moving money from one overstretched budget to another?’ …

Burnham’s approach is unusual but it should work, former deputy Labour leader says | Politics News

Andy Burnham’s approach is unusual but it should work, former deputy Labour leader Harriet Harman …

Defence Investment Plan: Will the UK’s plan for defence help it hit Nato’s spending target?

In February 2025 Sir Keir committed to raising Nato-qualifying defence spending to 2.5% of GDP …

Leave a Reply

Available for Amazon Prime
This product has multiple variants. Solar product reviews.