BUSINESS

Council accounts held up by LOBO challenge

Auditors have delayed a full opinion on Weymouth and Portland BC’s finances pending the outcome of a High Court challenge against Barclays.

By Mark Conrad | 21 August 2018

Auditors have delayed a full opinion on Weymouth and Portland BC's finances pending the outcome of a High Court challenge against Barclays.

Audit documents recently filed showed that KPMG was continuing its investigation into the value for money of the council's past Lender Option Borrower Option (LOBO) loans.

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Popular articles by Mark Conrad

  1. Solace presses for multi-year settlements
  2. Mayors call for a 'decade of devolution'
  3. Tewkesbury consultation extended
  4. Bev Craig to lead LGA Labour group
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