News | Thurrock Council

Financial regulator to carry out independent investigation into failed investment strategies

3 January 2024

The UK body that regulates auditors and accountants has today announced it will begin an investigation into an individual's conduct regarding the financial management of Thurrock Council’s failed investment strategies.
The Financial Reporting Council (FRC) has stated it will investigate the individual’s compliance with governance and professional standards relating to Thurrock Council's operations and investment activities for the financial years ended 31 March 2018 to 31 March 2022.

Statement on publication of commissioners' second report

5 October 2023

Thurrock Council's Leader has responded to the latest report about the intervention and improvement at the council following publication of a report by Commissioners today (Thursday 5 October).

One year on - a time of change

1 September 2023

Major changes are happening at Thurrock Council to improve the way the organisation is managed, regain financial stability, and make the council fit for the future.
It is now a year since Thurrock Council was put into intervention by the Government, on 2 September 2022, in response to serious concerns about the council's financial situation.

Statement from Council Leader in response to BBC Panorama programme

1 August 2023

Full statement from Council Leader Andrew Jefferies in response to the BBC Panorama programme about Thurrock Council broadcast yesterday (31 July 2023).
Cllr Andrew Jefferies, Leader of Thurrock Council, said: "As a council we recognise that things went very wrong and our focus is on taking the necessary action to put that right.

Statement on publication of Best Value Inspection report

15 June 2023

Thurrock Council's new leader has responded to the findings of the Best Value Inspection report which has been published by the government today (Thursday 15 June 2023).
The report has been released following an independent investigation into the council's financial failure, which resulted in government intervention in September 2022.
The council has accepted the description in the report of an historic culture of poor leadership and a lack of transparency, which ultimately contributed to poor financial decisions.