Martin Brookes Oakham Rutland

Saturday, January 22, 2011

Rutland County Council £19.634.173.80 cash investements

RUTLAND COUNTY COUNCIL

INVESTMENTS AS AT 17 JANUARY 2011

Rutland County Council has public money invested with the following organisations:

HSBC - Sterling Liquidity Fund
HSBC - Money Market
Coventry Building Society
Lloyds TSB
Bank of Scotland
London Borough of Brent
Skipton Building Society
Santander
Nationwide Building Society
Overseas Chinese Banking Corporation
Barclays Bank
Overseas Chinese Banking Corporation
Clydedale Bank
Yorkshire Building Society
Principality Building Society
NMRothschild&Sons
Heritable Bank - ln Administration

£19.634.173.80 is the total sum invested and interest rates are very poor these range from 0.33% in the HSBC (a total disgrace) to the higher 1.8% paid by both Lloyds TSB and The Bank of Scotland.

What interests me the most is Heritable Bank this pays 6.09%

This is a Landsbanki owned Scottish Bank,

The Leader of Rutland County Council Roger Begy said we had lost £1,000,000.00 in this bank.

Last year he told the public "we had got it all back"

This week The Leader of the Council Roger Begy said he never said such a thing?

He said Rutland County Council had recovered £850,000 and it was likely the Council will loose £125,000
This was confirmed by Helen Briggs Chief Executive.

Why are they lying?

A freedom of information request reveals there is only £546,096.29 deposited in this account where is the other £453903.71

I am aware a member of the public has made a Freedom of Information request to see hard copies of Statements relating to all the above investments. Rutland County Council has refused to provide these. Why? What do they have to hide? This is public money.

I am not sure who Rutland County Council employs these days to control finances, but surely this needs to be looked into.

Why are the public being asked how should we save £650,000 of important service when there is this amount of money invested.

£650,000 is a small amount of the total sum the council intends to cut, another 100+ staff will be going soon.

7 Sins of Rutland County Council Vote for Cuts what a farce!

7 Sins of Rutland County Council Vote for Cuts what a farce!

Rutland County Council budget consultation 2011.
How much did it cost Rutland County Council to produce? these voting cards,
yes they call them voting cards!
Each one has been carefully hand made by a Rutland County Council employee so a few hundred people could vote.
Which two cuts from seven would they like to see imposed on the rest of Rutland.
As one a person who commented pointed out earlier this is not a vote. I and plenty of other people have described it as a farce and it is.
When the cuts are imposed the Tory Controlled Council will say we had a public mandate the people agreed to the cuts, I say my arse, the people did not agree to the cuts!

The council web site only allows one vote why?

Rutland County Council has £19 million invested in accounts abroad, so why are they forcing people to suffer these cuts?

Tory Battle Bus Hits the Roads of Rutland, Rutland County Council Elections 2011?

Outside Oakham Co-op Superstore plenty of supporters here.

It cant be proved this is electioneering by the Tories, but is does seem to lack any visual support from the Lib Dems or Independents.

The Tory controlled non political council? whatever that means? I will leave that to Conservative leader Roger Begy to explain.

The public are being asked to vote for two of seven budget cuts Rutland County Council wish to impose.

From cutting to school costs, buses, health care cost for the elderly and vulnerable by doubling contribution payments and sacking library staff.....

I would like to know who dreamt this up at the council?

Councillor Peter Jones heads towards his next victim...
(His body guard hides behind him). I wonder if the hat is part of the Rutland Tory Uniform, I must say ex Tory Town Mayor Jan Fillingham looked much more fetching hidden under her similar hat.

Councillor Heather Wells Conservative, described locally as the portfolio holder for wrecking local young peoples educations and future prospects? attempts to persuade a couple of shoppers to vote for cuts in services.