Croydon Council is skint
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anonymous-user

Original Poster:

78 months

Wednesday 11th November 2020
quotequote all
https://www.lbc.co.uk/news/croydon-council-goes-bu...

I’m thinking others may well follow

MellowshipSlinky

15,905 posts

213 months

Wednesday 11th November 2020
quotequote all
Nottingham is currently £1.154b in debt.

https://www.nottinghampost.com/news/local-news/not...

(Apologies for the absolute st website..)

bigandclever

14,226 posts

262 months

Wednesday 11th November 2020
quotequote all
The picture two years ago ....



Can’t imagine it’s got better.

MellowshipSlinky

15,905 posts

213 months

Wednesday 11th November 2020
quotequote all
I believe Nottingham have climb into second spot now.

Saweep

6,703 posts

210 months

Wednesday 11th November 2020
quotequote all
MellowshipSlinky said:
I believe Nottingham have climb into second spot now.
They've borrowed more than £3B in two years?

(excluding Covid borrowing)

bigandclever

14,226 posts

262 months

Wednesday 11th November 2020
quotequote all
Saweep said:
MellowshipSlinky said:
I believe Nottingham have climb into second spot now.
They've borrowed more than £3B in two years?

(excluding Covid borrowing)
Or 5 of the top 6 have reduced theirs by several billion. I doubt it, but could probably do with more recent figures smile

A Winner Is You

25,833 posts

251 months

Wednesday 11th November 2020
quotequote all
Given how many are on furlough or finding themselves unemployed, perhaps the councillors could take a 20% paycut as a sign of solidarity.

ReallyReallyGood

1,641 posts

154 months

Wednesday 11th November 2020
quotequote all
Googling Jo Negrini is an eye opener. How can a council member also own a real estate company buying land at cut price from the council, and not go unnoticed?!

Ozone

3,082 posts

211 months

Wednesday 11th November 2020
quotequote all
I wondered where Spelthorne is, and had to google it.

Everyday is a school day.....

Biggy Stardust

7,068 posts

68 months

Wednesday 11th November 2020
quotequote all
I'm amazed that organisations as hard-working & efficient as councils are skint.

Maybe the claims of excessively high payscales/pensions/perks and incredibly lax working practices aren't as far-fetched as the councils would have us believe. Obviously it will be everyone else's fault but one has to wonder....................

CourtAgain

3,777 posts

88 months

Wednesday 11th November 2020
quotequote all
Ozone said:
I wondered where Spelthorne is, and had to google it.

Everyday is a school day.....
To the west of Hounslow, where Staines upon Thames is. Near to Heathrow.

Not surprised by Croydon, having built a tram system, and skyscrapers in the town centre. Once they applied for City status even though they are in South London. A Westfield shopping centre was going to be built there, but it fell through.

Uncle John

5,183 posts

215 months

Wednesday 11th November 2020
quotequote all
I’ve experienced Croydon council first hand. The true definition of cronyism.

SydneyBridge

11,072 posts

182 months

Wednesday 11th November 2020
quotequote all
ReallyReallyGood said:
Googling Jo Negrini is an eye opener. How can a council member also own a real estate company buying land at cut price from the council, and not go unnoticed?!
And she got a £400k payoff for basically being crap...

Also been said that the financial issues are not due to covid, but bad decisions before this year, and ignoring warnings etc


https://insidecroydon.com/2020/11/11/costs-of-covi...

Edited by SydneyBridge on Wednesday 11th November 21:27

anonymous-user

Original Poster:

78 months

Wednesday 11th November 2020
quotequote all
Not surprised at all, it took a year of badgering with constant emails and phone calls to get a £16k invoice for care fees so hardly surprised they are skint.

When it was Tory run they were in much better shape financially, labour as usual have spent the money with little to show for it and the residents will get screwed over to fill the hole.

This sort of incompetance should be treated as a criminal offence with people put in prison as it is nothing short of fraud against the people of Croydon.

BlackLabel

13,251 posts

147 months

Wednesday 11th November 2020
quotequote all
No doubt they’ll eventually have to be bailed out by the taxpayer. Councils will blame covid for their predicament despite their financial problems starting way before the pandemic.

troika

2,087 posts

175 months

Wednesday 11th November 2020
quotequote all
A Winner Is You said:
Given how many are on furlough or finding themselves unemployed, perhaps the councillors could take a 20% paycut as a sign of solidarity.
Indeed. Are the final salary pensions included in the debt figures?

SpeedMattersNot

4,506 posts

220 months

Wednesday 11th November 2020
quotequote all
A Winner Is You said:
Given how many are on furlough or finding themselves unemployed, perhaps the councillors could take a 20% pay cut as a sign of solidarity.
So people are off work being paid 80% salary, yet public sector workers still working full time should also take a pay cut? How is that an equivalent?

MellowshipSlinky

15,905 posts

213 months

Thursday 12th November 2020
quotequote all
Saweep said:
MellowshipSlinky said:
I believe Nottingham have climb into second spot now.
They've borrowed more than £3B in two years?

(excluding Covid borrowing)
As of Sept 2020 they were 2nd highest debt.
The city has debt of £3500 per person, the County £700 per person.
City is Labour controlled, county is Tory.

untakenname

5,274 posts

216 months

Thursday 12th November 2020
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Lots of scum in Croydon unfortunately and it goes straight to the top, I'm in the neighbouring borough and despite having more roads and and older population it isn't in debt.

People need to learn to live within their means, you only have to step off the train at East Croydon and walk down the high street during the week (pre Covid) to see the majority of people don't contribute and are a net drain on society.

bunchofkeys

1,268 posts

92 months

Thursday 12th November 2020
quotequote all
Unsurprisingly this