Tuesday 5 September 2023

Bankrupt councils - the list is growing

The crooked corporate councils are going bankrupt, one by one.

https://www.theguardian.com/society/2023/aug/28/at-least-26-english-councils-at-risk-of-bankruptcy-in-next-two-years

Birmingham City Council is just one of the rotten councils that has been paying its executives very well for running the city down and dragging it into high interest private debt.

https://www.theguardian.com/society/2023/sep/05/birmingham-city-council-financial-distress-budget-section-114

https://www.theguardian.com/society/2023/oct/20/more-english-councils-face-bankruptcy-leaders-warn-as-deficits-reach-4bn

Birmingham inhabitants may wish to check up on the wages that the corporate executives:
https://www.birmingham.gov.uk/downloads/download/519/chief_officer_salary_disclosure

So while the crooked corporate councils embezzle Public Funds for their wages, expenses, interest on private debts, consultancies, redundancy deals, copper-bottomed pensions, etc, they impose "austerity" on the local inhabitants, even steal homes when families can't afford the local taxes. It doesn't make any real difference which political party has been elected to represent the corporations to the local inhabitants, because the corporate executives and staff stay the same.

The private debts only get higher because the councils only pay the interest on the debts, not repay the principle sum:
http://lada.debtresistance.uk/debt-resistance-uk-investigation/who-are-the-major-borrowers-from-the-banks/

The inhabitants of all council areas will want to check up on their local council, to see how much debt there is, what are the rates of executive wages, and other general practices of the scheming councils. When they find all the many 'discrepancies' and 'anomalies' they will probably want to stop paying any more Council Tax until the crooks are brought to account.

No comments:

Post a Comment