WikiWirral values you and your opinion.
Forum Statistics
Posts1,006,573
Topics74,475
Members12,695
Forums66
Posts in last 24hrs37
Most Online7,831
Apr 8th, 2013
Who's Online Now
52 registered members (11kendo, 12 invisible), 1,084 guests, and288 spiders.
Key: Admin, Global Mod, Mod
Social Media : Follow Us


Popular Topics(Views 7days)
New General Forums
Two people and a car
by cools. 13th Aug 2018 3:47pm
How do Breasts Have So Much Power ?
by granny. 5th Aug 2018 4:33pm
Where's this?
by venice. 5th Aug 2018 3:24am
HAPPY BIRTHDAY
by rocks. 4th Aug 2018 11:25am
New Wirral History
Birkenhead Market.
by venice. 4th Aug 2018 7:54pm
1970's Murder in Central Park, Wallasey
by cutespam. 4th Aug 2018 11:28am
Clatterbridge workhouse
by venice. 4th Aug 2018 11:22am
Sir Thomas Massey Stanley 1841
by bliplandy. 1st Aug 2018 2:57pm
Listed buildings site
by derekdwc. 23rd Jul 2018 9:08pm
Forum Tips
Photo Gallery Forums
No more bridge, never be the same
Over Exposed Crash Site
Topic Replies
Opticians and Glasses
by Madge. 18th Aug 2018 12:40pm
What song are you listening to?
by Dilly. 18th Aug 2018 11:30am
Finds from the last outing
by Excoriator. 18th Aug 2018 9:33am
More threats to Wirral's Green Belt
by diggingdeeper. 17th Aug 2018 11:30am
Need an earth strap fitting....
by gerrymoore. 16th Aug 2018 2:03pm
Xbox One 1tb
by Ocanisak. 16th Aug 2018 1:22pm
Gibson House
by diggingdeeper. 14th Aug 2018 8:59pm
Another plan for Birkenhead
by Gibbo. 14th Aug 2018 10:28am
paint mixing
by gerrymoore. 13th Aug 2018 9:28am
August
M T W T F S S
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31
Recent Posts : What's On ?
The Duke of Lancaster
by Gibbo. 7th Aug 2018 11:23am
Ness Gardens Fun Day
by granny. 3rd Aug 2018 1:39pm
Previous Topic
Next Topic
Print Topic
Rate Topic
More Council Loans! #1054554
14th Apr 2018 3:16am
14th Apr 2018 3:16am
Joined: Jul 2008
Posts: 11,815
Birkenhead
diggingdeeper Offline OP

Wiki Master
diggingdeeper  Offline OP

Wiki Master
Joined: Jul 2008
Posts: 11,815
Birkenhead
I mentioned about a year ago the low interest loans Wirral had made to other councils in 2012 when inflation was 2.75% ...

£2m to Doncaster at 0.8%
£6m to Lancashire at 0.75%
£6m to Northumberland at 0.75%
£5m to Stockport at 1%
£2m to Fife at 1.3%
£5m to Halton at 1.4%
£3m to Kingston-Upon-Hull at 1.5%
£4.5m to Newcastle-Upon-Tyne at 1.37%
£2m Newcastle-Upon-Tyne at 1.8%

Well it turns out that they haven't been happy with those little give-aways of our money, there have been loads more since ...

Attached Files wirral loans.jpg

In a time of universal deceit - telling the truth is a revolutionary act. George Orwell

We should judge our economy by the absence of poverty, not the number of billionaires - Jeremy Corbyn
Google Ads
Re: More Council Loans! [Re: diggingdeeper] #1054584
14th Apr 2018 6:37pm
14th Apr 2018 6:37pm
Joined: Dec 2007
Posts: 356
Wirral
P
philmch Offline
Old Hand
philmch  Offline
Old Hand
P
Joined: Dec 2007
Posts: 356
Wirral
Local council elections are coming up next month. Vote the buggers out.

Re: More Council Loans! [Re: philmch] #1054585
14th Apr 2018 7:39pm
14th Apr 2018 7:39pm
Joined: Jul 2008
Posts: 11,815
Birkenhead
diggingdeeper Offline OP

Wiki Master
diggingdeeper  Offline OP

Wiki Master
Joined: Jul 2008
Posts: 11,815
Birkenhead
Originally Posted by philmch
Local council elections are coming up next month. Vote the buggers out.


It would be nice if there was a viable alternative to vote for.


In a time of universal deceit - telling the truth is a revolutionary act. George Orwell

We should judge our economy by the absence of poverty, not the number of billionaires - Jeremy Corbyn
Re: More Council Loans! [Re: diggingdeeper] #1054597
15th Apr 2018 8:20am
15th Apr 2018 8:20am
Joined: Jan 2010
Posts: 1,531
wirral
E
Excoriator Online content
Forum Addict
Excoriator  Online Content
Forum Addict
E
Joined: Jan 2010
Posts: 1,531
wirral
Let us make absolutely sure that no case in favour f these loans appears, either in the Wirral Globe or here!

One of the most compelling is that a council is a more trustworthy creditor than a bank, and quite possibly pays more interest.

Re: More Council Loans! [Re: diggingdeeper] #1054606
15th Apr 2018 3:16pm
15th Apr 2018 3:16pm
Joined: Jul 2008
Posts: 11,815
Birkenhead
diggingdeeper Offline OP

Wiki Master
diggingdeeper  Offline OP

Wiki Master
Joined: Jul 2008
Posts: 11,815
Birkenhead
The problem is that the Council is also borrowing money at huge interest rates.


In a time of universal deceit - telling the truth is a revolutionary act. George Orwell

We should judge our economy by the absence of poverty, not the number of billionaires - Jeremy Corbyn
Re: More Council Loans! [Re: diggingdeeper] #1054615
15th Apr 2018 8:06pm
15th Apr 2018 8:06pm
Joined: Jul 2011
Posts: 3,385
Wirral
V
venice Offline

Forum Guardian
venice  Offline

Forum Guardian
V
Joined: Jul 2011
Posts: 3,385
Wirral
Would be interesting to know the political flavours at the time, of the councils who were the receiving cheap loans.

Re: More Council Loans! [Re: diggingdeeper] #1054701
17th Apr 2018 8:31pm
17th Apr 2018 8:31pm
Joined: Feb 2010
Posts: 18
Moreton
L
LATEBOY Offline
Newbeee
LATEBOY  Offline
Newbeee
L
Joined: Feb 2010
Posts: 18
Moreton
Do other councils loan out their money? If the council is to have reserves of money then maybe other councils are safer bets than some banks and at least the money is helping each other out and not being used to fund bonus payments to bank directors.

Re: More Council Loans! [Re: diggingdeeper] #1054704
17th Apr 2018 8:52pm
17th Apr 2018 8:52pm
Joined: Jul 2008
Posts: 11,815
Birkenhead
diggingdeeper Offline OP

Wiki Master
diggingdeeper  Offline OP

Wiki Master
Joined: Jul 2008
Posts: 11,815
Birkenhead
It may be marked as reserves but it doesn't negate that they are borrowing money at a much greater rate of interest (6%) than they are lending money out at (less than 1%), it is just throwing money away.

I've said it before, if the Council wants to lend out money, bring back the Council loans and mortgages which for many years were charged at 6%, that way the Wirral residents can borrow money from the Council and the money isn't "lost" elsewhere.

Mind you the Council think nothing of giving themselves pay rises of 16% to 36%, the people need to bring them to account. The amount of money Councillors get given for what is a voluntary role is disgusting and attracts professional politicians who could struggle to get paid for the lack of skills elsewhere.

Of course we now have the Council, the Chamber of Commerce and the Business Improvement Districts working hand in pocket with each other now, rate-payers are just an inconvenience.


In a time of universal deceit - telling the truth is a revolutionary act. George Orwell

We should judge our economy by the absence of poverty, not the number of billionaires - Jeremy Corbyn

Moderated by  Mod 

Random Wirral Images

Click to View Topic.
Newest Topics
Finds from the last outing
by Detecting_wirral. 17th Aug 2018 7:08pm
Opticians and Glasses
by Moonstar. 15th Aug 2018 1:05pm
Need an earth strap fitting....
by gerrymoore. 13th Aug 2018 9:31am
paint mixing
by locomotive. 11th Aug 2018 8:52pm
Another plan for Birkenhead
by Norton. 10th Aug 2018 4:47pm
For Sale & Free
older type phones
by Snodvan. 8th Aug 2018 8:10pm
Xbox One 1tb
by Ocanisak. 6th Aug 2018 3:21pm
Holiday Rental
by Peter0787. 29th Jul 2018 3:03pm
Wanted moped parts.
by vw_kyle. 28th Jul 2018 7:43pm
Samsung S7
by Dilly. 28th Jul 2018 8:39am
Member Spotlight
starakita
starakita
between heaven & hell
Posts: 2,325
Joined: October 2009
Show All Member Profiles 
Newest Members
kurto, DetectWirral79, CharlotteE, jackiebee, RRowley21
12695 Registered Users
Today's Birthdays
No Birthdays
New Wirral Info
paint mixing
by locomotive. 11th Aug 2018 8:52pm
Water treatment plant Wrexham.
by venice. 8th Aug 2018 11:25am
Ness Gardens Fun Day
by granny. 3rd Aug 2018 1:39pm
Hanging a 11kg mirror on a dot and dab wall
by yr20405. 30th Jul 2018 9:29am
The Duke of Lancaster
by snowhite. 29th Jul 2018 8:50pm
News : New Topics
Another plan for Birkenhead
by Norton. 10th Aug 2018 4:47pm
Crucifixion
by diggingdeeper. 9th Aug 2018 10:34pm
Big Police Hunt Irby Pensby Thursaston
by fish5133. 8th Aug 2018 11:43pm
Trump on his pedestal.. again.
by granny. 3rd Aug 2018 1:48pm
Lost
by Kylix. 31st Jul 2018 4:24pm
New Enthusiast Forums
Finds from the last outing
by Detecting_wirral. 17th Aug 2018 7:08pm
Opticians and Glasses
by Moonstar. 15th Aug 2018 1:05pm
Need an earth strap fitting....
by gerrymoore. 13th Aug 2018 9:31am
Finds 08/08/18
by Detecting_wirral. 9th Aug 2018 8:16pm
Gadget for stopcock
by venice. 8th Aug 2018 12:50pm
Popular Topics(Views 24hrs)
Wirral Sunrise Sunset
Sunrise Sat 5:57am
Sunset Sat 8:34pm
Local Time Sat 1:19pm
Powered by UBB.threads™ PHP Forum Software 7.6.1.1