Cobblers loan report: Labour say there should be 'serious consequences'published at 11:45 Greenwich Mean Time 24 November 2016
Pete Cooper
BBC Local Live
The leader of the Labour opposition on Northampton Borough Council says it was "clear that many mistakes were made" in the £10m loan to the Cobblers.
Danielle Stone said PricewaterhouseCoopers (PwC) report, external shows: "that from start to finish the whole process had flaws and serious mistakes".
The loan was made in 2013, by the Conservative administration, then led by David Mackintosh, now MP for Northampton South.
Ms Stone said that "in most walks of life, if a serious mistake like this was made there would serious consequences" but didn't expect anything to happen at the current administration.