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DAILY MIRROR CLAIMS ISLINGTON LBC WILL 'RUN OUT OF CASH'

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According to the Daily Mirror (p2), the district auditor has warned that Islington LBC will run out of cash in nine...
According to the Daily Mirror (p2), the district auditor has warned that Islington LBC will run out of cash in nine weeks if drastic steps are not taken. The paper claims that there are rent arrears of£20.5m, council tax arrears of£23.7m, plus£5m uncollected parking fines and a growing risk of fraud. New management and financial systems have been introduced to bring spending under control.
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