HARLOW Council has given details regarding the loans they have given to troubled Thurrock Council.

Thurrock Council’s control of their finances has been taken over by Essex County Council after it had been revealed the vast majority of the council’s £1.32billion in short term loans has been borrowed from around 150 local authorities across the country, with limited public scrutiny.

Although, our sister paper, YourThurrock, has been covering this for a number of years, the most in-depth coverage is below.

https://www.thebureauinvestigates.com/stories/2022-07-15/his-companies-made-a-deal-for-138m-of-taxpayers-money.-where-has-it-gone

It has become apparent that many councils around the country are due to have their loans repaid.

The leader of Thurrock Council has resigned

In May 2020, we asked Harlow Council if they had lent any money to Thurrock Council. Their reply is below.

We have subsequently asked them if they had made any further loans?

A spokesperson said: “A further three short-term loans to Thurrock were made through a broker and these complied with the council’s agreed treasury management strategy.

“The last of these investments matured in January 2021 and the council has not provided any further short-term loans to Thurrock Council since”

YH understands that all monies have been returned.