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<p>On 22 July 2016 Very Revd Charles Taylor announced his resignation from the Deanery
of Peterborough with effect from 2 October 2016. His farewell service took place at
the Cathedral on 1 October 2016. There has been no reason to review the appropriateness
of procedures and practice relating to the resignation.</p><p>In July the Bishop of
Peterborough announced his decision to hold a formal Bishop’s visitation of the cathedral
to investigate and report on the financial management and the overall governance of
the Cathedral. At the time the Bishop noted that “The Cathedral is going through a
cash flow crisis. It is taking too long to pay some bills, and paying the staff at
the end of the month has been a close thing twice recently.” In response to requests
from the Bishop and cathedral Chapter the Church Commissioners have provided advice,
support, and financial backup to help the cathedral in this situation. Whilst some
progress is being made, this week the Commissioners intend to increase the loan facility
they have made available to the cathedral.</p>
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