Super Council Could Have £1 Billion Super Debt.
According to Kent Bloggers, the Shepwayvox Team and former Green Party Thanet Councillor turned blogger Ian Driver, plans to create an East Kent super council, consisting of Canterbury, Dover, Shepway & Thanet councils will create an organisation with astronomic debts of up to £1 billion pounds.
A Freedom of Information request submitted by the public face of Shepway Vox Team to the Public Works Loan Board (PWLB), a government organisation which lends money to local councils at a cheaper rate than banks or other lenders, shows that, including the interest payments, the four super council partners as of the 31st Dec 2016, held debts totalling a massive £553.33 million.
Authority |
Total PWLB Debt (millions) |
Total Interest (£millions) |
Total Debt + Interest |
Canterbury City Council |
£203.83 |
77.43 |
£281.26 |
Dover City Council |
£94.48 |
47.39 |
£141.87 |
Shepway District Council |
£58.95 |
34.36 |
£93.31 |
Thanet District Council |
£22.17 |
14.72 |
£36.89 |
Totals |
£379.43 |
173.9 |
£553.33 |
Perhaps we need to start a “Tory Rancour Watch” because the Tories can get very rancourous when they try to out-rancour each other.
And… Perhaps the ‘Tory Rancour Watch’ could have a rating system as in 1-10 for the level of rancour they can achieve.
Obviously….
Level 1 would be irritating rancour
Level 10 would be complete rancour
Well done Gerry Clarkson! Ashford may have its issues but it is better managed by far than this group of spendthrifts.