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HORT

ST Helens Council has lent millions of pounds to authorities up and down the country

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St.helens star is at least 40 years out of date.

When the bank next to century house was in existance.We used to joke that with the proximity we used to hand the money collected in rates dept on ground floor was passed across by hand through the window to them.

This was to give short loans many times to small businesses etc to pay wages etc. to help small businesses with their cash flow.

Yes it may not have been millions but sure it kept small businesses afloat down the road.There were hundreds of lock up shops all around town all now either takeaways, hairdressers,charity shops etc.

How times have changed.

 

 

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1 hour ago, HORT said:

ST Helens Council has lent millions of pounds to authorities up and down the country in an effort to raise funds.

 

Probably at usurious interest rates too. Blatant Tory capitalism from a Labour-led council

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Alan i think thats any lenderUnless you mean those "banks" who get you to lend THEM funds NO SECURITY ON YOUR DEPOSIT .Its all a nightmare wherever you look.   

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The Council has used its RESERVES. 

Not its current account.

The Council has millions and millions of reserves, but expect people to accept 3 week bin collections, and some people claiming to live on the streets.

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