50 Years of Debt: The Shocking £137M Burden on Oldham’s Finances

The signs of crisis are everywhere - but it's the numbers that tell the real story of Oldham Council's impending financial disaster:

• £137 million in projected interest payments
• £510.7 million in financing requirements
• £20 million and rising in projected overspending already this year
• £2 million in hidden redundancy payments for staff fleeing the Council
• The silent departure of the Council's own Head of Finance

And behind these numbers lies an even more disturbing truth: Oldham Council is walking a financial tightrope that threatens to snap.

A close analysis of the Council's latest Cabinet Report Pack reveals a perfect storm brewing - one that could reshape the future of this historic borough. The exodus of key financial personnel, combined with mounting debt and spiralling costs, paints a picture of an organisation in free fall. Here's an exclusive analysis of what every Oldham resident needs to know about the dangers ahead.

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