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My statement on plans by the current Newham Mayor to set up a private development company & then give it our assets, value = £3bn. They could be our libraries, community centres, leisure centres and the council’s own office & stop me buildin…Read more…
Newham Overview & Scrunity “Call in” on SPV – 6.30pm Monday 24 August 2015
Tomorrow evening at Committee Room 1, East Ham Town Hall, members of Newham Council Overview & Scrutiny will debate a request from a Cllr that up to £500,000 should not yet be spent on a proposed Special Purpose Vehicle (SPV) for its staff pension fund.
Cllr Farah Nazeer has asked that this…Read more…
“Bloody dangerous” Newham’s proposed pension Special Purpose Vehicle
I posted last week here my concerns about a proposal to Newham Executive about setting up a so called “SPV” for the Councils pension fund.
This would cost at least £500,000 to set up and is in my view very risky and could result in a complete waste of public money.
I am very concerned that there…Read more…