fernandopartridge
Well-Known Member
It's a shame it's only now rather than 1, 2, 5, 10, 13 years ago these sorts of questions are being asked. We really have a completely useless media.
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Do you want to discuss boring politics? (29 Viewers)
- Thread starter mrtrench
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Ian1779
Well-Known Member
Meanwhile, someone in the red-wall focus groups clearly told Kier that mental health was ‘woke’
Shadow mental health minister resigns with swipe at Keir Starmer
Shadow mental health minister resigns with swipe at Keir Starmer
clint van damme
Well-Known Member
clint van damme
Well-Known Member
Maybe he plans to channel the money in to u turn prevention, and affliction very close to his heart.
Brighton Sky Blue
Well-Known Member
She has also with no sense of irony complained at headteachers not returning their homework on time to the DfE.
fernandopartridge
Well-Known Member
He probably thinks they will link her back to Sadiq Khan
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Thank the lord for global warming,at least they shouldn't end up with a foot of snow on them.
Ian1779
Well-Known Member
Almost 2 years before he binned that one off….
SBAndy
Well-Known Member
A fucking good job indeed, especially whilst everyone was sat on their ars…oh.
skybluetony176
Well-Known Member
Probably the least surprising twist in this whole sorry affair.
dutchman
Well-Known Member
Keir Starmer accused of promoting ‘narrow band of Blairites’
Starmer insists he has put ‘strongest players on pitch’, as changes see comebacks for Liz Kendall and Hilary Benn
www.independent.co.uk
Birmingham city council declares itself in financial distress
UK’s largest council issues section 114 notice, signalling it cannot balance its budget without help
D
Deleted member 5849
Guest
It doesn't seem to have been an issue in this instance, but I didn't realise until recently that Cameron relaxed investment controls on local authorities, so councils have been making risky investments in a desperate attempt to generate income for services, and it going badly wrong.
Birmingham city council declares itself in financial distress
UK’s largest council issues section 114 notice, signalling it cannot balance its budget without helpwww.theguardian.com
fernandopartridge
Well-Known Member
Germany refuses to extradite man to UK over concerns about British jail conditions
Court in Karlsruhe decides against extradition of Albanian man ‘in view of the state of the British prison system’
Just embarrassing isn't it?
Risky investments, I’m not sure what you mean NW…
Council effectively bankrupt after losing millions to solar farm cheat
Thurrock Council was effectively made bankrupt in December after investing more than half a billion pounds in Liam Kavanagh's solar farm business.
www.dailymail.co.uk
Thurrock council hid losses as it gambled millions on risky investments | Local government | The Guardian
Official report criticises Tory-run authority’s dysfunctional leadership and says it tried to silence critics
Tories call on Labour council to halt risky investments following collapse of Together Energy
BLAMING Labour Cllrs for the "risky investment" in Together Energy Warrington South MP Andy Carter and opposition Tories have called for a halt to the council's "reckless policy" of high-risk investments.
www.warrington-worldwide.co.uk
It’s ridiculous really, by all means maximise your return on monies held but shouldn’t be anything riskier than high interest accounts, low risk investment bonds/shares etc. And people wonder why others don’t want to give more to government and local authorities. Utter shitshow
Ps you’d have thought one of the best ways to get a return would be build more social/affordable housing to rent at discounted rates. A win win. Saying looking at the cost control of most their projects, maybe not
shmmeee
Well-Known Member
Risky investments, I’m not sure what you mean NW…
Council effectively bankrupt after losing millions to solar farm cheat
Thurrock Council was effectively made bankrupt in December after investing more than half a billion pounds in Liam Kavanagh's solar farm business.www.dailymail.co.uk
Thurrock council hid losses as it gambled millions on risky investments | Local government | The Guardian
Official report criticises Tory-run authority’s dysfunctional leadership and says it tried to silence critics
Tories call on Labour council to halt risky investments following collapse of Together Energy
BLAMING Labour Cllrs for the "risky investment" in Together Energy Warrington South MP Andy Carter and opposition Tories have called for a halt to the council's "reckless policy" of high-risk investments.
It’s ridiculous really, by all means maximise your return on monies held but shouldn’t be anything riskier than high interest accounts, low risk investment bonds/shares etc. And people wonder why others don’t want to give more to government and local authorities. Utter shitshow
Ps you’d have thought one of the best ways to get a return would be build more social/affordable housing to rent at discounted rates. A win win. Saying looking at the cost control of most their projects, maybe not
Its mental that we seem to have blocked councils off from the most obvious income source (build to social rent) and have got them playing stock market games like a member of r/wallstreetbets
I don’t understand the issue with government being slow and boring and dependable. It’s one USP is it exists beyond human lifespan and can make bets on such a scale for the populous as a whole.
dutchman
Well-Known Member
Wasn't the main reason Coventry City Council sold all of its homes to Whitefriars for £1 was that it could no longer afford the cost of repairs and maintenance?
D
Deleted member 5849
Guest
It shouldn't be hard, should it, to fund local government to do the minimum needed, and then add a top up for each authority to do whatever it thinks might benefit its community
shmmeee
Well-Known Member
It’s basically a big fat landlord owning commercial and residential property at scale across the area. The idea it should’ve schatting for cash seem ridiculous TBH
shmmeee
Well-Known Member
dutchman
Well-Known Member
As far as I can remember Whitefriars qualified for a one-off government grant?
But why can Whitefriars?
Isn't this what central govt is doing with people's investment,basically taking 5% of their pension pot so it's invested in riskier home based projects, can't see it stopping there with creep up to potential 20%Risky investments, I’m not sure what you mean NW…
Council effectively bankrupt after losing millions to solar farm cheat
Thurrock Council was effectively made bankrupt in December after investing more than half a billion pounds in Liam Kavanagh's solar farm business.www.dailymail.co.uk
Thurrock council hid losses as it gambled millions on risky investments | Local government | The Guardian
Official report criticises Tory-run authority’s dysfunctional leadership and says it tried to silence critics
Tories call on Labour council to halt risky investments following collapse of Together Energy
BLAMING Labour Cllrs for the "risky investment" in Together Energy Warrington South MP Andy Carter and opposition Tories have called for a halt to the council's "reckless policy" of high-risk investments.
It’s ridiculous really, by all means maximise your return on monies held but shouldn’t be anything riskier than high interest accounts, low risk investment bonds/shares etc. And people wonder why others don’t want to give more to government and local authorities. Utter shitshow
Ps you’d have thought one of the best ways to get a return would be build more social/affordable housing to rent at discounted rates. A win win. Saying looking at the cost control of most their projects, maybe not
shmmeee
Well-Known Member
Such a short term strategy. Pay a private company to take an asset that will only ever appreciate in value off you to cover short term cash flow. When you print cash.
SBAndy
Well-Known Member
Almost like it’s been done by design…
fernandopartridge
Well-Known Member
Councils were banned from using the proceeds of sales under the right to buy to build replacement properties, I think the stock transfer was a way of getting around it as the RSL like Whitefriars could raise money through other means. I can't quite remember the detail.
But why can Whitefriars? Selling land as a council is dumb af.
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That’s bizarre. Didn’t realise that. What was the reasoning for not allowing replacements to be built ?
D
Deleted member 5849
Guest
I think you can guess!
I feared the worst but just googled. I think councils were freed up from ‘having’ to use funds to rebuild social housing….probably blew it down Grosvenor Casino instead by the sound of it
Cash from Right To Buy sales will no longer be reserved for new council housing, government announces
Money to be diverted to schemes for home buyers
www.independent.co.uk
Edit - ‘Council homes sold under Right To Buy tend to end up in the hands of private landlords, with an estimated 40 per cent of all those sold under the scheme now rented out for profit.’ - I hope they mean indirectly ie subsequently sold on. I would make any social housing sold on under such schemes ‘unrentable’ for X years and/or have some sort of payback to gov/local authority if sold within certain period
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skybluetony176
Well-Known Member
fernandopartridge
Well-Known Member
Ideological opposition to public housing
shmmeee
Well-Known Member
I feared the worst but just googled. I think councils were freed up from ‘having’ to use funds to rebuild social housing….probably blew it down Grosvenor Casino instead by the sound of it
Cash from Right To Buy sales will no longer be reserved for new council housing, government announces
Money to be diverted to schemes for home buyers
Edit - ‘Council homes sold under Right To Buy tend to end up in the hands of private landlords, with an estimated 40 per cent of all those sold under the scheme now rented out for profit.’ - I hope they mean indirectly ie subsequently sold on. I would make any social housing sold on under such schemes ‘unrentable’ for X years and/or have some sort of payback to gov/local authority if sold within certain period
Thing is if you’ve (with all due respect to the relevant communities) lived in a shithole for years and someone hands you a wedge of equity. The first thing you’ll want to do is probably leave said shithole. Which makes you wonder why not just hand FTBs a fat deposit at this rate?
D
Deleted member 5849
Guest
As ever it's don't blame the individual for exploiting it, blame the policy.
shmmeee
Well-Known Member
I think there’s got to be something that can equalise private and social rent history, take it into account for credit worthiness, and provide a foot onto home ownership for those people that doesn’t bankrupt councils or inflate house prices massively or benefit quick Buck landlords.
fernandopartridge
Well-Known Member
Buy to let mortgages should never ever have been permitted imo. What sane government removes security of tenure for tenants and places it in the hands of the money markets? Labour are as guilty of this as the Tories were btw.
shmmeee
Well-Known Member
Makes a whole bunch of people think they’re Warren Buffet though and vote Tory.