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News and Comment August 2023

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7 August (Part 2) - A sinking ship

Three years ago Councillor Cheryl Bacon said that she was concerned about “reserves moving significantly in the wrong direction” and the auditor spoke of not being able to meet planned service provisions. It led to a loss of 150 jobs, across the board service cuts and by a variety of means, a raid on residents’ pockets.

The latest draft accounts from Bexley Council must be driving Councillor Bacon to fevered fingernail chewing as year by year reserves continue to drift downwards. £91 million soon after her ‘wrong direction’ comment and only £67 million now.

Jackie Belton may have fled the borough at exactly the right time. For her.

Reserves

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