Slough goes bankrupt after discovery of £100m ‘black hole’ in budget
Was this another example of politicians being so good at investing public money?
These shortcomings included weak management and oversight of a number of companies partly or wholly owned by the council, exposing it to “significant financial risk”. The council has borrowed £580m since 2016, and the cost of servicing these loans added to the pressures on its budget.
Ah, yes, it is.