Croydon LBC’s Government-appointed improvement panel has outlined a timetable for withdrawing from the authority amid ‘strong progress’ in fixing its finances.
The improvement and assurance panel chaired by former Lincolnshire CC chief Tony McArdle said it expected to complete its work at the south London borough by July 2025 or sooner.
In a report published today, Mr McArdle’s team highlighted the strong focus on returning to financial stability under Croydon’s directly-elected mayor Jason Perry – who became leader of the authority in September 2022.
The council’s debt burden has been estimated at £1.6bn.
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