Article 6EQFN Michael Gove’s local council warns of bankruptcy risk after failed Tory investments

Michael Gove’s local council warns of bankruptcy risk after failed Tory investments

by
Richard Partington Economics correspondent
from Economics | The Guardian on (#6EQFN)

New Lib Dem leadership in Surrey Heath attacks previous Conservative regime for racking up debts of 165m

Michael Gove's local council is warning that it faces effective bankruptcy within two years after racking up millions of pounds in debt for failed property investments overseen by its former Conservative administration.

Surrey Heath borough council is in the parliamentary constituency of Gove, who as levelling up secretary is the cabinet minister in charge of local government.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments