Solving dispute over £40m Northamptonshire council debt 'too slow'

West Northamptonshire Council, based at Angel Square in Northampton, was told it needed to settle the dispute

The disagreement follows the splitting of the former Northamptonshire County Council into two unitary authorities. Mark Stocks, from auditor Grant Thornton, said: "I can't sign the accounts until that disaggregation is resolved and it brings risk upon you.", the external auditor told West Northamptonshire Council: "To be candid, I just think you're being too slow on disaggregation."It's quite a sizable chunk of cash, around £40m, that you haven't yet agreed with the North.

North Northamptonshire Council said in November it would be pursuing arbitration, meaning an independent third party would settle the matter.

Source: Loan Digest (loandigest.net)

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boy, 17, drowns while swimming in open water as Britain swelters in the heat with weekend set to be...Ronalds Abele, 17, got into difficulty at Wellingborough embankment, Northamptonshire early yesterday afternoon.
Source: DailyMailUK - 🏆 7. / 90 Read more »

Northamptonshire in good position against DerbyshireNorthamptonshire's batters set a good platform on the opening day against Derbyshire.
Source: BBCNorthampton - 🏆 32. / 68 Read more »

Derbyshire hold on to draw with NorthamptonshireDerbyshire's lower order rallies to earn a County Championship draw with Northamptonshire.
Source: BBCNorthampton - 🏆 32. / 68 Read more »

Khabib Nurmagomedov fuels UFC comeback rumours with intense training footage...Daniel Cormier reveals Khabib Nurmagomedov turned down $40M UFC comeback
Source: talkSPORT - 🏆 91. / 53 Read more »

Charles Spencer shares 'beautiful' glimpse of Princess Diana's final resting placeThe late Princess' brother Earl Spencer is custodian of the historic estate in Northamptonshire
Source: hellomag - 🏆 24. / 68 Read more »

Police chief misconduct case delayed as author who ‘quoted claims’ is contactedSuspended Northamptonshire Police chief constable Nick Adderley is accused of telling lies about his naval history.
Source: Observer_Owl - 🏆 18. / 72 Read more »