Loan to Saracens - sum per household

Mr Mustard happened to ask recently a question about the number of households in Barnet

This was the contentious item on the agenda

Yesterday evening at the Reckless Policy Committee of Barnet Council (though they call it the Policy & Resources Committee) three members of the public were sufficiently concerned as to ask to comment (speak) for 3 minutes on the subject of the proposed loan to Saracens Copthall LLP. What Mr Mustard said is recorded in the previous blog. Mrs Angry and Barbara Jacobson also gave the idea a thorough kicking.

Due to a conflict and there being a councillor not in attendance and not substituted (this will be checked when the minutes are published) the vote was tied 5-5 with Labour councillors voting against and Conservative Councillors voting for. Richard Cornelius used his casting vote in favour of the loan.

Barnet Council will now proceed to lend £22.9m to Saracens Copthall LLP and to borrow as required from the Public Works Loan Board (not that this is a public work and PWLB don't care about that as they know that a council has to repay them whatever happens).

There are more blogs to come but Mr Mustard just wanted to point out that every household in Barnet is lending, via its council, which exists in order to provide public services (a fine theory if not what is actually happening) the following sum to Saracens.

£155.71

Yours frugally

Mr Mustard