Thurrock council admits disastrous investments caused £500m deficit

Thurrock council admits disastrous investments caused £500m deficit

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A Tory-led council has admitted a series of disastrous investments in risky commercial projects caused it to run up an unprecedented deficit of nearly £500m and brought it to the brink of bankruptcy. The staggering scale of the catastrophe at Thurrock council in Essex – one of the biggest ever…

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