Thurrock
Nub News Logo
Nub News

Reputational damage issue to the fore as opposition again question £800,000 spend on accountants with no guarantees

Local News by Nub News Reporter 30th Nov 2023  
Reputational damage: Was council leader Andrew Jefferies right to back PwC on the basis of its accounting performance record?
Reputational damage: Was council leader Andrew Jefferies right to back PwC on the basis of its accounting performance record?
advertisement

THE leader of Thurrock Council has been mocked by political rivals for his continued backing of plans to spend £800,000 on experts from accountants PricewaterhouseCoopers (PwC) – particularly over his latest claim that the company would not fail Thurrock because of their fear of 'reputational damage'.

A cursory search of social media and news websites offsets that believe as PwC have a significant history or mistakes and botched accounts filing against their name.

That's a fact picked up today (Thursday, 30 November) by Labour opposition members who has issued a statement renewing their concern that the money spent on PwC is too much – and is being handed over with no guarantees.

It says: "Once again management of the public purse is questioned as Thurrock Council, under the Conservative Party's control, has opted to funnel a staggering £800,000 into PwC's coffers for a mere 22 weeks of service.

"This decision comes as the council grapples with the task of unearthing £5.2 million in savings for the impending 2024/2025 budget.

"Despite a year-long liaison with PwC, the council seems unfazed by the exorbitant price tag attached to their services.

"A whopping £800,000 has been pledged for an undertaking with no guaranteed success, leaving a bitter taste of financial imprudence."

Thurrock Labour have questioned why the Thurrock Conservatives has resorted to external entities like PwC rather than relying on its own members and officers to identify necessary savings?

advertisement

At yesterday's full council meeting, Labour's Cllr Martin Kerin, chair of the council's corporate overview and scrutiny committee, challenged the Tory Leader of the Council, Cllr Andrew Jefferies on the issue.

He asked: "Can the portfolio holder could shed light on the rationale behind selecting PwC to assist the council in identifying savings? Is there confidence that this represents genuine value for money?"

In response, Cllr Jeffries said: "I think PwC are doing a good job. They're coming forward with some sensible savings for us. We're putting in place monthly checks being monitored by officers with actions if slippage starts.

"We are upskilling staff leaders for the future so they can learn from what PwC have recommended moving forward."

Cllr Jefferies concluded by saying he believes there would be considerable reputational damage to PwC if they fail to find savings.

However, Labour have pointed out PwC is not a stranger to reputational damage.

PwC is no stranger to damning headlines over the quality of its work.

Its statement continues: "Over the last couple of years PwC not just in the UK has been under scrutiny for its accounting and auditing failures.

advertisement

"We have seen this failing across both the public and private sector.

"This failure to provide a coherent rationale, his evasion only strengthened the scepticism shrouding this decision."

Cllr Kerin added: "After grilling the Conservative Leader, Thurrock's residents will have heard that there is no guarantee that PwC will provide the £5m of savings still required for the 2024/25 budget.

"Despite shelling out £800k for 22 weeks work, Thurrock Council could still be left in the position of having a savings shortfall.

"Thurrock's residents deserve certainty - it appears that this expensive contract falls far short of that!"

     

CHECK OUT OUR Jobs Section HERE!
thurrock vacancies updated hourly!
Click here to see more: thurrock jobs

     

Can we count on you? Local news is the heartbeat of Thurrock
— it needs your support.

For less than the price of a cup of coffee each month,
you can help us keep telling the stories that matter to Thurrock.
Support local journalism. Protect your community.

Thank you to those of you that have already contributed.
Monthly supporters will enjoy:
Ad-free experience

Share:


advertisement

41% OFF

Ring Video Doorbell 2024 – HD Security Camera with Colour Night Vision & App Control
No reason to miss that delivery parcel now! 2024 latest version Ring Video Doorbell - 2 colours from Clove Technology
£99 £58.41

43% OFF

Outdoor 6-Seater Modular Rattan Corner Sofa Set with Coffee Table
Sofa good, you'll wish every seat at home was this comfy! - Modular Rattan Corner Sofa 6-Seater Set from Furniture One Limited
£699 £398.43

34% OFF

 Save  up to  63%  222 Bought PRICE DROP! Wingline Divan Bed & Mattress - 8 Colours - 2 or 4 Drawers Option View variant  Save  up to  34%  66 Bought Falcon Velvet Scatterback Sofa Range – Armchair, 2-Seater, 3-Seater & 3+2 Set | Plush Velvet Sofas for Modern Living Rooms View Selling fast! gemini_outpaint_variant_43944525  Save  69%  313 Bought PRICE DROP! Luxury Rio Divan Bed: Premium Memory Sprung Foam Mattress & Optional Storage Drawers - 6 Sizes & 10 Colours View Selling fast! variant  Save  75%  5404 Bought Crushed Velvet Divan Bed & Memory Sprung Mattress - 7 Colour Options View Selling fast! variant  Save  68%  549 Bought PRICE DROP! Plush Velvet Pure Wingback Upholstered Bed with Memory Foam Sprung Mattress View DMD Collective 20-Bar Espresso Coffee Machine with Digital Display and Milk Frother
Pull an espresso and a smile-it's café quality right at home! 20-Bar Espresso Coffee Maker with Frother
£89.99 £58.74

Sign-up for our FREE newsletter...

We want to provide thurrock with more and more clickbait-free news.

     

...or become a Supporter.
Thurrock. Your Borough. Your News.

Local news is essential for our community — but it needs your support.
Your donation makes a real difference.
For monthly donators:
Ad-free experience