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Re: More Council Loans!
[Re: diggingdeeper]
#1054704
17th Apr 2018 8:52pm
17th Apr 2018 8:52pm
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Joined: Jul 2008
Posts: 14,122 Birkenhead
diggingdeeper
OP

Wiki Master
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OP

Wiki Master
Joined: Jul 2008
Posts: 14,122
Birkenhead
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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
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