A county council in the north of England has issued a Section 114 notice over unlawful spending on commercial ventures and additional payments to its chief executive.
CIPFA chief executive Rob Whiteman raised concerns over a lack of diversity in council investments, at the annual Local Government Association conference today.
Commercialisation has become the most talked about topic in councils this year, with some seeing turnover equivalent to a FTSE 250 company, according to research gathered by Zurich Municipal.