COUNCILLOR John Kent, leader of the Thurrock Council Labour Group, has expressed his concerns on Thurrock Council’s latest £125Million loan from the Public Work Loan Board (PWLB)
Cllr Kent said:
“Given the poor state of Thurrock Council’s finances, I’m concerned by the sheer size of this loan which is in addition to the £100Million the Council borrowed from the PWLB in June.
“With very little information available I assume a large chunk will go towards the Councils £53 million overspend on the A13 widening project and the regeneration of Stanford Station – as well as funding the building of the Tories new Civic offices.
“There is an expectation from the PWLB that borrowing decisions have some democratic legitimacy, yet it seems these recent loans have by-passed the Council’s democratic processes.
“Regrettably this is where we are with this Tory regime – everything happens behind closed doors”