Croydon LBC has been granted a capitalisation direction just days before it was due to finalise its budget for the forthcoming year.
The direction is worth £120m over two years - the largest yet issued in the midst of the COVID-19 pandemic.
Want full article access?
Receive The MJ magazine each week and gain access to all the content on this website with a subscription.
Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.
Already a subscriber? Login
