Congratulations all round as councillors review ‘robust’ financial strategy

Self-congratulations was in the air on Tuesday night as the senior members of Hastings Borough Council (HBC) met in cabinet to review the authority’s financial strategy. Under discussion was the council’s financial performance as members reviewed the Treasury Management Report. Chief Finance Officer Peter Grace told the meeting the council’s financial strategies had worked well. […]

£65m in debt… finance chief expects clampdown on councils’ ability to borrow

Debt fuelled acquisition of commercial property by the borough council might be a thing of the past in Hastings. Tonight members of Hastings Borough Council’s cabinet will hear that a government consultation that ended in July is expected to put an end to councils being able to borrow from the Public Works Loan Board (PWLB) […]

Bensons for Beds’ owners go bust – what’s the future for the Hastings store?

The fragile nature of the commercial property market was laid bare yesterday when a number of high-profile, high street names called in administrators. Among those was the Harveys furniture group. While there is no Harveys store in Hastings its subsidiary Bensons for Beds is a tenant of Hastings Borough Council in Bexhill Road. The chain, […]