Tag Archives: Reserves

CUT TODAY FOR LABOUR VICTORY TOMORROW

Some excellent sleuthing by Momentum in the lead up to the Reverend’s Tory cuts budget at the end of February UNCOVERED what appeared to be an extra £9million being hosed into the council’s cash reserves for NO APPARENT REASON.

This £9million was the difference between what the council’s published financial risk assessment said was NEEDED in cash reserves and the amount of cash actually being PUT IN THERE.

But lo and behold! Just the day before the council’s budget meeting, a new risk assessment suddenly emerged, explaining the council actually needed a FURTHER £9million in cash reserves.

All very convenient, although the stench of the Reverend building a personal ELECTION WAR CHEST for 2020 at the expense of our public services now remains hanging heavily in the air.

Do look out for those Labour election treats, baubles and bribes in 2019 – 20 but try not to forget what they really cost us in terms of lost services and wrecked lives