The service that is public: Councils borrowing billions to try out the house market
Final the auditor also withheld judgement on Spelthorne’s accounts while it undertook a review of the properties the council has purchased july. This year’s records would be the final ones audited by KPMG for Spelthorne, with all the business having been changed by BDO at the start of the present year that is financial.
BDO rents work place in Reading’s Thames Tower, which Spelthorne purchased in September for £285 million alongside two other workplaces in the area.
In a page to your authority, BDO stated the company had determined there is no conflict of passions within the council being certainly one of read here its landlords.
Councillor Evans compared the investments that are vast by Spelthorne to whenever councils in the united states spent ВЈ1 billion in Icelandic banking institutions before they collapsed.