Latest editorial
AN EAST Londoner has served his council yesterday with a notice legally objecting to the authority’s “irrational” bank borrowing.
Angus McNelly requested a High Court declaration that the London Borough of Tower Hamlets went against constituents’ interests by taking £77.5 million in lender option, borrower option (Lobo) loans.
The loans were made by Barclays and RBS between August 2007 and September 2009 and under the Lobo lending agreement, interest rates can be raised by the bank at any point.
Trade unions call for windfall tax hike to fund social energy tariff to public’s energy bills
Only an ambitious programme of state-led investment can restore growth and improve living standards, argues MICHAEL BURKE
Years of underfunding are eroding Scotland’s local services and deepening inequality in communities, says VINCE MILLS
Liverpool Trades Council has unveiled a ‘People’s Budget’ to fight £56m cuts and council tax rises. DEAN YOUNG reports