We store cookies on your device to make sure we give you the best experience on this website. I'm fine with this - Turn cookies off
Switch to an accessible version of this website which is easier to read. (requires cookies)
  • Spelthorne Conservatives borrowed too much (Spelthorne Lib Dems)
    Article: Jul 13, 2020

    Spelthorne Council borrowed 100 times its income


    Have a view on this? Let us know

    In a report published today (13th July) the House of Commons Public Account Committee (PAC) has roundly condemned Spelthorne as the worst example of a small number of councils who have borrowed excessively to invest in the property market.
  • Housing under construction (Lawrence Nichols)
    Article: Jun 3, 2020

    Spelthorne has a growing demand for genuinely affordable housing

    The new Spelthorne Housing Strategy for 2020 to 2025 has been published. It is full of high aspirations and uplifting statements of intent, but on closer examination it shows a record of underachievement.

    The strategy is clear that nowhere near enough social housing has been provided in Spelthorne and the situation is getting worse - "Spelthorne has a growing demand for genuinely affordable housing". The Council has failed to deliver and this strategy will not resolve the situation.

  • Office block (Unsplash)
    Article: May 28, 2020

    A DIRECT result of unwise borrowing by our council

    Read the rest of the story: https://spelthornelibdems.org.uk/en/page/focus-on-borrowing-gamble

    The Treasury has issued a consultation document about the future of the Public Works Loans Board (PWLB). The PWLB is the government body that makes loans to Local Councils and from which Spelthorne has borrowed over £1bn since 2016.

  • Spelthorne Borrowing Gamble (Photo by Jason Lam on Unsplash)
    Article: May 22, 2020

    Spelthorne Council was behaving outside of the spirit of the guidance

    Public Accounts Committee hear more evidence about excessive borrowing

    The House of Commons Public Accounts Committee (PAC) held a second hearing into Local Authority commercial investments on 15th May, with Spelthorne very much in the minds of the committee members and all the witnesses. With £1bn of borrowing, Spelthorne stands out from other councils and the committee and the witnesses did not view this as a good thing.

  • Spelthorne Borrowing Gamble (Photo by Jason Lam on Unsplash)
    Article: May 17, 2020

    It doesn't make sense

    Mr Robin Whiteman, the Chief Executive of the Chartered Institute of Public Finance Accountancy (CIPFA). has told the House of Commons Public Accounts Committee (PAC) that Spelthorne "has borrowed too much".

    In a public hearing held on 11th May, Rob Whiteman was absolutely clear that in his opinion Spelthorne's borrowing was not appropriate in terms of the risk or the level of borrowing. The full hearing can be watched on the Parliamentary website and a transcript of the hearing can be read here.