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Thurrock Borough Council: A Cry For Help

The cost of living crisis affects households and businesses throughout the United Kingdom, particularly during the Christmas run-up. The Recession has affected and dismantled Government Organisations that have built the foundations of British Culture. This article will work as a report on the Recession in Government Organisations, more specifically, Essex.


The Government Organisation known as Thurrock Borough Council has faced hardship and has recently announced “financial distress.”  The Guardian reports that the Conservative-run Organisation has announced that they are in £500  million in total deficit, meaning that they are effectively bankrupt. Thurrock Borough Council admits this is from continuous risky investments.


The Guardian finds that in Thurrock Borough Councils' financial report alarming numbers. Thurrock Borough Council has been in debt for a significant period. Following this, in  2018, the financial advisors in the Council wrote to the Government expressing concern. The government attempted to help the Council overcome this situation by appointing Essex County Council as the supervisor to oversee financial decisions.


In 2022, Thurrock Borough Council[‘s] 2022 financial report stated that the Council has invested exactly £275 million and has set aside £130 million to pay back these debts. Illustratively, Thurrock Borough Council has experienced financial difficulty for five years now.


Therefore, Mark Coxhall (the Council’s Conservative Leader) has been forced to issue a 114 notice, which allows the Government to recognize this Council cannot balance its budget. Mark Coxhall made a statement in which he stated that “Today is a very worrying day, but I see this as the start of our recovery.”


John Kent, the leader of the Labour group, has commented that vulnerable people will not have the “services they rely on.” Kent goes so far as to state that "this disaster has been made and delivered by Thurrock Conservatives and it's high time they accept responsibility for their actions..."  


In conclusion, the Recession will continue into the new year. However, this allows Britons and Government Organisations to learn from their financial mistakes and take extra precautions. To remedy Thurrock Borough Council[‘s] deficit, a Council meeting is being held on the 9th of January 2023. This is in the hope that the Council can provide the Britons of Thurrock with a better quality of life.


 


Image source:https://consult.thurrock.gov.uk/


 


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