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Friday, 20 November 2020

Croydon Council is reviewing its companies and investments, as part of its bid to avoid bankruptcy

They stopped all non-essential spending last week, after facing a financial hole of £66m.

They had invested £30m in a hotel which later went into administration, and borrowed nearly £2bn.

At a meeting last night, the authority decided going forward that council committees will scrutinise the budget before its approved.

Other measures include early action to support families to tackle overspends in children’s social care.