The decision by auditors Grant Thornton to report adversely on the borough council’s 2017/18 accounts is welcomed.

As a founder member (back in 1973) of the Chartered Institute of Public Finance and Accountancy (to which the council’s deputy chief executive Lynton Green also belongs), I am sorry it has come to this, but really the auditors had little choice.

They say they are not satisfied the council had proper arrangements in place to secure economy, efficiency and effectiveness in their use of resources, thereby failing the value for money criteria.

Their latest report repeats criticism of the council contained in the result of my objection to the 2017/18 accounts.

That result confirmed weaknesses in the decision-making process for the Redwood Bank investment, and one councillor in particular was named.

It is now in the public domain, although the council tried initially to suppress it.

Let us hope we can now move on with lessons learned, though the accounts in question have still not been signed-off and nor have those for the following four years.