She said: "I was really honoured... I said I have to do this festival.
Perry added: "We have generated over £230m in capital receipts, including £130m of asset sales and have plans to sell a further £68m assets this year."The council also raised council tax by 10% over the cap in 2023, to help meet the panel's demand that we close the gap in the council's finances."
The council had been under review by the government's, set up to provide external advice, challenge and expertise.McMahon said the council's general fund debt sits at around £1.4bn and it relies on the allocation of
through in-principle capitalisation directions to balance its budget.The panel's report has said there has been a lack of pace throughout the intervention, but the deteriorating financial position, which is not being gripped and tackled adequately by the council, is reaching a "financial crisis".
McMahon added: "I am satisfied that the London Borough of Croydon is failing to comply with its Best Value Duty. I am therefore minded to exercise powers of direction under
to implement an intervention package."According to the Treasury, the £445m will be spent on fixing level crossings, building new stations and upgrading existing lines, and is a combination of direct funding and cash for the Welsh government.
It said it was the "cornerstone of the UK government's plan to address decades of underinvestment in critical infrastructure that has held back the Welsh economy".Rail funding has become a totemic issue in Welsh politics, with the lack of knock-on funding for Wales from High Speed 2 repeatedly raised with the First Minister Eluned Morgan.
The first minister has publicly called for more rail spending from the UK government - one of a list of calls she has made on Sir Keir Starmer in recent weeks.Politicians say if High Speed 2 had not been classified as an England and Wales project, Wales would be owed between £431m - according to finance secretary Mark Drakeford - or multiple billions, according to Plaid Cymru and previous sums used by senior Labour figures including Welsh Secretary Jo Stevens.