Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Bentley launches Torcal as luxury rivals pull back on electric cars

    September 24, 2026

    No Kings But King Dollar

    September 24, 2026

    Ukraine: Russia welcomes U.S. invite for possible Trump-Putin meeting

    September 24, 2026
    Facebook X (Twitter) Instagram
    Addison Markets Addison Markets
    • Home
    • USA
    • Europe
    • Business
    • Investing
    • Tech
    • Politics
    • Contact Us
    Addison Markets Addison Markets
    Home»Politics»Concerns raised over Northumberland council’s £900m debt
    Politics

    Concerns raised over Northumberland council’s £900m debt

    franperez66q@protonmail.comBy franperez66q@protonmail.comAugust 1, 2026No Comments2 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email


    Concerns have been raised over the level of a debt accumulated by a council.

    Northumberland County Council owed £898.4m as of the start of the financial year – up from £830.8m in April 2025.

    At a meeting of the audit and standards committee, Independent councillor Patrick Lambert said he was concerned that the amount of debt was equal to £5,500 per household in the area and council taxpayers may “have to pick up the pieces”.

    The cabinet member for finance, Nick Oliver, said the council’s spending choices had been affordable and “in the best interests of the residents of Northumberland”.

    The Conservative administration has repeatedly insisted its debt is manageable and within the council’s limits, according to the Local Democracy Reporting service.

    Lambert said he was concerned taxpayers would be “left liable” for the council debt and asked how the authority intended to tackle it.

    He said: “I’m quite a simple person – I look at where the borrowing is in the council and I listen to the leader saying we’re way within our limits, everything is rosy – we’re doing really well and our treasury management is brilliant.

    “However, the point I would make is for the residents of Northumberland – there are 162,000 dwellings in Northumberland.

    “What we’re doing as a council is borrowing £5,500 in every one of those houses.”

    The council borrows money to pay for capital projects, with its borrowing limit currently standing at £1.6 billion.

    Oliver defended the council’s position and said Lambert’s point was “political”.

    “Every decision on the capital programme is scrutinised, and we all vote on the budget.”

    He added it would be unfair to compare the council’s debt to that of a business, as the level of risk incurred was not on the same level.

    Oliver added: “If we hadn’t made those decisions, our schools wouldn’t be as good, our roads wouldn’t, our economy wouldn’t; unemployment would be higher.”

    Follow BBC North East on X, external, Facebook, external, Nextdoor and Instagram, external.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    franperez66q@protonmail.com
    • Website

    Related Posts

    Former Tory campaign chief pleads guilty over election bet

    September 10, 2026

    Trump pledges $5,000 ‘dividend’ to Americans if GOP wins midterms

    September 10, 2026

    Tax banks to give some households energy bill cut, unions tell PM

    September 10, 2026

    U.S.-Iran war: Trump warns Tehran over activity at Pickaxe Mountain

    September 10, 2026

    Tourist tax plans for England set to be outlined

    September 10, 2026

    Trump says oil and gas prices won’t fall until after midterm election

    September 10, 2026
    Leave A Reply Cancel Reply

    Top Reviews
    Editors Picks

    Bentley launches Torcal as luxury rivals pull back on electric cars

    September 24, 2026

    No Kings But King Dollar

    September 24, 2026

    Ukraine: Russia welcomes U.S. invite for possible Trump-Putin meeting

    September 24, 2026

    Swiss National Bank holds rates at 0% as inflation stays low

    September 24, 2026
    © 2026 All right reserved
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.