THURROCK council has been ordered to reveal exactly how it borrowed and invested £1bn of taxpayers’ money in a tribunal ruling that could have major implications for the financial transparency of public bodies across the UK reports the The Bureau of Investigative Journalism
The decision comes after a three-year battle by the council to maintain secrecy over a series of deals that could cost the public purse hundreds of millions of pounds. The tribunal said there was a “powerful public interest in public authorities being open about their activities and accountable for them”, and suggested the council had withheld information from the public eye in order to avoid embarrassment.
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