A former takeaway owner claimed a £50k Covid loan his business wasn’t entitled to and now faces restrictions. Takeaway Owner Illegally Claimed £50k Covid Loan in Kent, UK A guy named Zhongqing Li used to own a takeaway called Silver Sea. It sat in Gillingham, Kent. He got a £50,000 loan during the pandemic. These…
Financial watchdog probes two former Woking Borough Council members over their roles leading to bankruptcy. Woking Council Bankruptcy Roles Investigated: Two Ex-Members Probed Woking Council’s bankruptcy faces scrutiny. Two ex-officers are under investigation now. The Financial Reporting Council looks at their actions. They are examining “professional standards.” This review covers 2017 to 2023 finances. Ray…
Probe focuses on two former Woking Council staff after massive debts led to bankruptcy, impacting taxpayers. Investigation Set to Launch Into Woking Council Bankruptcy Okay, so Woking Council went bankrupt. The debts reached about two billion pounds, making them the second most indebted council in the UK. An investigation into this mess is coming soon.…
Big service cuts, a large council tax increase, and asset sales mark Birmingham’s recovery plan after bankruptcy. Birmingham Budget Meeting: Cuts Loom for Bins, Social Care, Services Hey, guess what’s happening in Birmingham. The City Council Cabinet meets today, and they will approve a draft budget. It includes big service cuts again, along with a…
Auditors found more financial weaknesses. Budget forecasts are a concern after the city’s bankruptcy declaration. Nottingham City Council Finances Face Significant New Weaknesses Nottingham City Council has money problems. New weaknesses in their finances were found recently, and concerns exist about budget forecasts. Auditors worry the city can’t predict gaps, departments seem understaffed, and risk…