Tory members seek answers over Warrington's finances

摘要

Opposition members of Warrington BC are demanding to see an auditor's letter sent 15 months ago which they claim sets out concerns about the authority's financial position and investment strategy.Conservative councillors say that the concerns include the Labour-controlled council's debt of nearly £1.7bn - reflecting a number of high-profile investments. These include the purchase of an energy company (£18m), a science and business park (£211m) and a £30m stake in Redwood Bank.Conservative councillors, who increased their presence from one to 11 at May's local elections, now claim that Grant Thornton has threatened to use 'additional powers' to complete its 2017-18 audit. Accounts have not been signed off for any year since then.