Croydon Council will now be allowed to lead its own financial recovery after more than 2 years of government support.
The Department for Levelling up, Housing and Communities has decided not to introduce its own commissioners at the authority.
The Government also says it won’t remove any decision-making powers from the council.
There is a caveat though.
Although it’s noted that Croydon can lead its own recovery, the scale of its historic problems means it’s not meeting its Best Value Duty.
A review undertaken last year uncovered further historic financial issues requiring £224 million in additional capitalisation.
The panel has previously had the ability to issue advice notes where they are concerned about council decisions.
However, it has not chosen to issue any since Croydon’s Executive Mayor Jason Perry was elected in May last year.