September 2008 Focus

Icelandic Banks

Gedling Borough has no money invested in Icelandic banks. Our understanding is that Gedling's reserves are all in safe places and, in fact, earning good interest. Some years ago, the Borough lost nearly £1m of investments in the Chancery Bank that went bankrupt. Some of that money was recovered as the bank's assets were liquidated but there was a significant overall loss.

Killisick Court

Gedling Borough can't give it away, and they've tried. This very large, very expensive building was thought to be in such a bad condition that Gedling Borough tried to give it away to Gedling Homes as part of the housing transfer which takes place on November 3rd. Gedling Homes didn't want it! The Borough has, therefore, done a proper survey of the building's condition and has now decided that it isn't in so bad a condition after all! We are waiting to see the next attempt at wriggling out of the mess the Tories have created.

Working Party

Cllr Chris Pratt is chairing a Working Party at the Council. They are trying to find out what vandalism costs the Council, but progress is very slow. We are doing this to try to put pressure on the Tories to make greater efforts to tackle anti-social behaviour in the Borough. A survey has shown that this is your top priority.