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Lambeth Council overspend soars by £20M in a month as financial mismanagement deepens
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Lambeth Council overspend soars by £20M in a month as financial mismanagement deepens
Lambeth Council has published its draft accounts for the last financial year – revealing a £60.5 million overspend, nearly £20 million higher than the £41.6 million forecast just a month earlier in February. The dramatic increase has raised serious concerns over the Council’s financial management and the accuracy of its internal forecasting. No detailed explanation has yet been provided as to how a shortfall of this scale could emerge in such a …
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