The social rent cap and increased spending due to new legislation have created a “perfect storm” at the London Borough of Southwark, slowing housebuilding, a senior officer has said.
PF speaks to Duncan Whitfield, strategic director of finance and governance at the London Borough of Southwark about the treasury management challenges he faces as part of his role.
An administrative error at a London borough saw more than £700,000 of incorrect payments made to businesses and a social care provider, according to external auditors.
