Submitted on Friday 29th March 2013
Published on Wednesday 3rd April 2013
Current status: Closed
Closed: Thursday 3rd April 2014
Signatures: 2
Clawback Council reserves of £13bn for "Britain plc"
The Audit commission report (http://www.bbc.co.uk/news/uk-politics-20613183) confirmed English Councils reserves approach £13Bn which is just being "hoarded" for no particular purpose.
These reserves should be clawed back by The Government either in part or as a whole to either:
1. Allow councils to build affordable housing directly
2. Fund major infrastructure projects but not HS2
3. Allow the government to lower VAT to a sensible figure (hence subsidising the impact)
4. Form part of measures to kick start business by way of grants for new businesses.
5. Other ideas not mentioned above ....this topic is open for sensible debate.
Fundamentally, Councils should not continue to "build empires" and hoard cash reserves partly made up of parking fines etc...
The £13Bn of Council funds should be used positively for the local or national benefit.
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