Thursday 26 October 2023

Corporate councils bankrupt but collecting more taxes than ever!

Yet more councils are claiming they are near bankruptcy:

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

Curious that none of these corporate councils mention the fact that they take 30+% of all Council Tax for their private pensions. And the executives pay themselves large sums too. Then add the private high interest debts, and you have several reasons why the corporate councils are going bankrupt. They have been taking too much for themselves!

When enough inhabitants of the mismanaged counties realise how they have been conned, they will probably want to stop paying the dodgy councils!

https://commonslibrary.parliament.uk/what-happens-if-a-council-goes-bankrupt/