h69 wrote: ↑Thu Nov 12, 2020 11:36 am
Apparently Croydon's Labour council have gone bankrupt with debts of 1.5Bn
An analyst said: 'A Labour council has just filed for bankruptcy with £1.5 billion of debt.
How it reached that debt is absolutely insane. In one example, the council funded £260 million towards its own social housing company.
It built three homes. £86.7 million per home.'
Sums up why "Socialism" and "Economy"..shouldn't be used in the same sentence.....let alone let one be in charge of the other..
Councils are the Bane of this country..
Nothing to do with socialism, just plain inept people run councils. A mate of mine recently was made redundant from the private sector as middle manager, he now working for Bedfordshire council, he told me it a different world, costs don’t matter, haven’t a clue what a process is, lateness is accepted.
Different worlds apparently.
It’s not what you do it is the way that you do it.
Sums up why "Socialism" and "Economy"..shouldn't be used in the same sentence.....let alone let one be in charge of the other..
Councils are the Bane of this country..
Nothing to do with socialism, just plain inept people run councils. A mate of mine recently was made redundant from the private sector as middle manager, he now working for Bedfordshire council, he told me it a different world, costs don’t matter, haven’t a clue what a process is, lateness is accepted.
Different worlds apparently.
I know this is up for argument...and a lot of Labour Councils are the inner cities which are much harder to run and control,
compared to rural ones....but everytime we hear a council are struggling with funds it's a Labour one.
Oh and Labour Governments always leave us bust...then piss off, let someone else sort it out...so I'm prob a bit biased ....
What was the National debt in 2010 and what is it now ? Have we not been downgraded 3 times by the credit agencies since 2012 ? You probably didn't know that.
How much of it is down to the Government dolling out more cash at Conservative councils than Labour ones is a matter for debate but you'd have to suspect it is a factor. That said, Croydon appears to be completely dysfunctional in the way it's been run and has been asking for trouble for some time, blaming the pandemic is just an easy excuse to try and hide their incompetency.
However, all you lot who are citing Labour councils as financial cretins should be aware that the last authority to impose emergency spending restrictions under a Section 114 notice was Tory run Northamptonshire County Council as recently as 2018 - and they didn't have Covid as an excuse.
Wiltshire CC aren't in good shape either and could be in a similar situation Croydon soon and they only have 2 Labour representatives - the majority being Tory with a large slice of Lib dems thrown in for good measure. My point being that's it's easy to look at all the Labour run councils and cry "socialist failures" at them but the truth of the matter is that ALL councils are feeling the pinch and many are in deep, deep trouble, no matter which colour they happen to be.
Until spurious spending, exacerbated costs and piss poor management/leadership are eliminated across the board, I can't see anything changing anytime soon in any council across the country.
Who the fuck is General Failure and why is he reading my harddisk?
Tory-run Northamptonshire county council bailed out by government
The government has in effect bailed out Tory-run Northamptonshire county council after giving it unprecedented permission to spend up to £60m of cash received from the sale of its HQ on funding day-to-day services
Shortshanks wrote: ↑Fri Nov 13, 2020 2:14 pm
What was the National debt in 2010 and what is it now ? Have we not been downgraded 3 times by the credit agencies since 2012 ? You probably didn't know that.
Those downgrades are nothing compared to what will probably happen when the full impact of Brexit is felt by our once world leading financial sector.
According to the government's own figures 7,500 jobs have already been lost to other EU financial centres. That's not too many you may say. But, wait for it, over £1 TRILLION pounds of assets have already been repatriated elsewhere. Given that the financial services sector in our country is regarded, at least at the moment, as up there with the world's leaders, that is a really scary statistic. And bear in mind the full impact of Brexit won't be felt until January when the new regulations come into being.
Why Is There Only One Monopolies Commission. Isn't That A Monopoly?
