Paul Marinko 12 November 2024

Swindon facing 'existential' financial crisis

 Swindon facing existential financial crisis image
Image: Matyas Rehak / Shutterstock.com.

Swindon BC is ‘facing a burning financial platform' this year with cost pressures of around £9m but ‘tangible mitigating actions' not fully identified, according to an official peer challenge.

The report by a Local Government Association (LGA) corporate peer challenge team said some of the authority's officers and members still had an ‘over optimism bias' about the pressures and ‘without targeted action' the ‘crisis' could prove ‘existential'.

Visit The MJ (£) to read more.

SIGN UP
For your free daily news bulletin
Linkedin Banner