Government launches investigation as three councils
transfer housing revenue account cash into their general funds. The government has launched an investigation
into a spate of multi-million pound cash transfers in which councils have
raided their rent accounts to prop up their ailing general funds. At least
three authorities called urgent meetings last month to sign off shifting sums
totalling £34.5 million out of their housing revenue accounts. Councillors in
Manchester, Oxford and Dover rubber-stamped the transfers on the recommendation
of officers and following advice from consultancy Capita. Read more on Inside Housing.
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