• Sunday , 23 January 2022

Croydon Labour boosts council reserves to provide protection in uncertain times

This week new figures show that Croydon Council’s Reserves are in a healthier and more robust position. We currently have £27.5m Reserves, an amount higher than we inherited from the last Tory administration and higher than Reserves have been in decades. Given the continuing weakness of our finances and the uncertainty of our times the level of Reserves are still short of where we would wish them to be but we are on course to build a £50m Reserves pot within two years.

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