The legal powers deployed by town halls for last month’s
£35 million raid on their housing budgets could be ‘contrary’ to the aims of
the law they relied on. This was the stark warning issued by external auditors appointed
by Canterbury Council, the fourth authority Inside Housing can identify as
transferring cash from its housing revenue account to its general fund in
September. As reported previously, the
government is investigating a series of similar multi-million pound transfers
which took place throughout last month before the legal loophole was officially
closed on 1 October.
Councillors in Canterbury voted last month to an
irreversible transfer of almost £1 million out of its HRA, despite the
auditor’s warning and protests from within its ruling Conservative group. Read
more on Inside Housing.
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