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Northampton Council £10M Loan To Private Company ?

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I remember many people complaining about this loan at the time

http://www.bbc.co.uk/news/uk-england-northamptonshire-34996932

Northampton Town debt: Council says £10m loan 'will be recovered'

Sounds very similar to Trafford Council lending £4m to Lancashire County Cricket Club, earlier this year. Apparently the banks would not lend them the money.. but our cash strapped council thinks its a good gamble, whilst cutting services to those who need it most. But hey they are building a sparkly new hotel, so that's alright then.

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Ive tried to contact the council on twitter but it seems I am blocked....for asking them to remove EA signs posted on public land!!!!

I've seen the same on South London railway stations. Signage promoting local EA/PRS.

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^

The Breckland council is reported to have funded the hotel etc purchase through the sale of housing.

The rent then obtained is presumably more than was obtained from the housing and its associated costs so it would better fund council wages and pensions.

Free/subsidised golf course membership etc for council people as well?

Edited by billybong

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Isn't this the move of someone playing the game monopoly? Only in this case it's our money they're playing it with!

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