WikiWirral Online with you since 2003, fantastic.
Forum Statistics
Forums65
Topics76,491
Posts1,034,094
Members14,881
Most Online80,173
Apr 25th, 2025
Who's Online Now
8 members (1 invisible), 49,421 guests, and 1,097 robots.
Key: Admin, Global Mod, Mod
Top Posters
sunnyside 45,164
MattLFC 22,315
Mark 21,269
granny 17,811
_Ste_ 16,347
Newest Members
HelenDobby, CloverBee, Growla22, MikeM_UK, terry107
14,882 Registered Users
New General Forums
Subscriptions to posts?
by nickaxe - 5th Jul 2025 12:33pm
Moan about the Weather Page
by RUDEBOX - 1st Jul 2009 1:31pm
New Wirral History
Removed Mother from Grave
by bert1 - 29th Jun 2025 6:44am
Park Primary School Circa Mid to Late 1960s
by _natabb96 - 26th Jun 2025 9:33pm
Birkenhead Scandal, 1916.
by bert1 - 14th Jun 2025 8:17am
Birkenhead Union Workhouse
by bert1 - 28th May 2025 1:50pm
Top Posters(30 Days)
bert1 15
bri445 2
joney 2
Topic Replies
132 Central Hotel
by joney - 8th Jul 2025 9:02am
White House, Childer Thornton
by bert1 - 8th Jul 2025 7:38am
Removed Mother from Grave
by bert1 - 4th Jul 2025 10:30am
Family Alldis
by bert1 - 2nd Jul 2025 6:54pm
Burton Marsh WW2 060 OTU Practise Bombing Targets
by nickaxe - 2nd Jul 2025 2:09pm
Lucy Letby
by diggingdeeper - 1st Jul 2025 1:46pm
Park Primary School Circa Mid to Late 1960s
by _natabb96 - 26th Jun 2025 9:33pm
RAF Little Sutton
by diggingdeeper - 26th Jun 2025 10:25am
July
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
Top Likes Received (30 Days)
bert1 2
Philip 1
Top Likes Received
bert1 29
Mark 4
casper 4
Previous Thread
Next Thread
Print Thread
#1054554 14th Apr 2018 4:16am
Joined: Jul 2008
Posts: 14,516
Likes: 32
Wiki Master
OP Offline
Wiki Master
Joined: Jul 2008
Posts: 14,516
Likes: 32
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 Images
wirral loans.jpg

We don't do charity in Germany, we pay taxes. Charity is a failure of governments' responsibilities - Henning Wehn

https://ddue.uk
Google Ads
Joined: Dec 2007
Posts: 388
Old Hand
Offline
Old Hand
Joined: Dec 2007
Posts: 388
Local council elections are coming up next month. Vote the buggers out.

Joined: Jul 2008
Posts: 14,516
Likes: 32
Wiki Master
OP Offline
Wiki Master
Joined: Jul 2008
Posts: 14,516
Likes: 32
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.


We don't do charity in Germany, we pay taxes. Charity is a failure of governments' responsibilities - Henning Wehn

https://ddue.uk
Joined: Jan 2010
Posts: 1,909
Likes: 4
Forum Addict
Offline
Forum Addict
Joined: Jan 2010
Posts: 1,909
Likes: 4
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.

Joined: Jul 2008
Posts: 14,516
Likes: 32
Wiki Master
OP Offline
Wiki Master
Joined: Jul 2008
Posts: 14,516
Likes: 32
The problem is that the Council is also borrowing money at huge interest rates.


We don't do charity in Germany, we pay taxes. Charity is a failure of governments' responsibilities - Henning Wehn

https://ddue.uk
Joined: Jul 2011
Posts: 3,621
Forum Guardian
Offline
Forum Guardian
Joined: Jul 2011
Posts: 3,621
Would be interesting to know the political flavours at the time, of the councils who were the receiving cheap loans.

Joined: Feb 2010
Posts: 18
Newbeee
Offline
Newbeee
Joined: Feb 2010
Posts: 18
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.

Joined: Jul 2008
Posts: 14,516
Likes: 32
Wiki Master
OP Offline
Wiki Master
Joined: Jul 2008
Posts: 14,516
Likes: 32
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.


We don't do charity in Germany, we pay taxes. Charity is a failure of governments' responsibilities - Henning Wehn

https://ddue.uk

Moderated by  Mod 

Link Copied to Clipboard
Random Wirral Images

Click to View Topic.
Newest Topics
Family Alldis
by Alldis - 2nd Jul 2025 6:15pm
Removed Mother from Grave
by bert1 - 29th Jun 2025 6:44am
Park Primary School Circa Mid to Late 1960s
by _natabb96 - 26th Jun 2025 9:33pm
Birkenhead Scandal, 1916.
by bert1 - 14th Jun 2025 8:17am
For Sale & Free
Member Spotlight
Beaty59
Beaty59
Port Sunlight
Posts: 236
Joined: May 2009
Today's Birthdays
There are no members with birthdays on this day.
New Wirral Info
Family Alldis
by Alldis - 2nd Jul 2025 6:15pm
Montpellier Crescent
by robin47 - 8th Jun 2025 4:36pm
News : New Topics
New Ferry regeneration
by Excoriator - 16th Mar 2025 4:22pm
Lucy Letby
by diggingdeeper - 16th Dec 2024 7:16pm
New Enthusiast Forums
Popular Topics(Views)
10,425,511 CW Chat room thread
5,659,529 WIKI WALK CHAT
4,477,869 Spotted!
Powered by UBB.threads™ PHP Forum Software 7.7.5