Fantastic news! Newham will save some £3.5 million interest per year (including £1.5 million extra off our housing loans). Many thanks to all those who fought for justice so long including our new Mayor, Rokhsana Fiaz, Cllr John Whitworth as well as Ne…Read more…
LOBOs: Putting up and not shutting up
At the Newham Full Council meeting last Monday, the Cabinet member for Finance, Lester Hudson, responded to the arguments that myself and Cllr Whitworth put forward here and here about the exposure Newham has to LOBO loans.
Cllr Hudson said that the Council had saved £64 million in reduced…Read more…
LOBOs. Cllr Whitworth’s Response to Newham Council’s Annual Treasury Management Report 2014/15
This is the concerns expressed by Cllr John Whitworth during the discussion on item 14 at Monday evening (7.12.15) at Full Council.
“The issue of the servicing and repayment of the Council’s debt is obviously of major importance at a time when we are obliged to make savings in most…Read more…