At Prime Minister’s Questions today Andy Carter mp again raised concerns on behalf of constituents who are angry that Labour run Warrington Council are spending nearly £1m a week paying the interest on the £1.8bn debt they’ve wracked up over the last 10 year.
They’ve used the borrowed money to buy an energy company that went bust, invest in junk bonds, buy property in Birmingham and Manxhester as well as purchasing a business park through an offshore company - presumably to avoid paying tax! And all the same time they’ve failed to deal with the potholes, failed to replace Broomfields and failed to provide the infrastructure to support the new homes built.
Councils shouldn’t act as hedge funds - they don’t have the expertise or resource - their focus should be on providing well run, efficient local services for Council tax payers in Warrington.
Read more: https://www.warringtonguardian.co.uk/.../24259782.prime.../
