8 October (Part 2) - For his next trick…
Whenever the financial situation in Bexley is mentioned a reference to reserves is sure to be close behind.
The last available CIPFA
report places Bexley at the bottom of their Sustainability table - and by a wide margin.
More optimistically the same report said that the Finance Director had a cunning plan, which must have worked because Bexley Council did not quite go broke.
As you will know from his Deputy’s comments at the last Cabinet meeting
things are heading rapidly South and Bexley is on course for spending reserves again.
Can another rabbit be pulled out of the hat? One must hope so because the
attractive prospect of seeing egg hurtling towards certain faces will be totally
outweighed by the pain that will be inflicted on residents. As if they have not suffered enough already. From almost
the lowest taxing borough in London to
almost the highest in the few years I have lived in the borough.
