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grey_man

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grey_man last won the day on December 19 2019

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About grey_man

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  1. Some people buy the myth that they can get high from the fumes and even that different coloured bins give them different highs. I'm not making this up. https://www.manchestereveningnews.co.uk/news/greater-manchester-news/kids-setting-fire-wheelie-bins-17260803
  2. I suspect from what little I know about it that the whole airport business model has fallen apart. They're obviously no longer just places where people get on and off planes so this will have crippled them. Even with initially healthy bank balances and given their role in the economy I can understand why they need substantial intervention. A pandemic certainly isn't unprecedented. One has been predicted for years. But what was far more likely was some major economic crash and that would have been a certainty within the lifetime of the loans taken out by WBC. Even that may have tipped the c
  3. I know only what I've read in the news. It was a profitable organisation and the GM councils are now stumping up £260 million in the hope that it returns to profitability. Obviously there are wider economic issues with a major International Airport. But I can't see the airline industry ever being the same again given the number of planes now being mothballed. My point is that Lynton Green needs to be a lot more circumspect before issuing sarky statements like this, obviously aimed primarily at the people who pay his wages. It's not his or his organisation's money to play with, councils don'
  4. He's the son of 1970s actor Soylent Green.
  5. I didn't find it. I kept it. Always a good chance these things will return to haunt people, especially those shooting their mouths off about the risks they are taking with other people's money. I'm surprised Lynton's still in Warrington. Anybody who can guarantee a return on billions of pounds over a period of decades and with no risk to capital must be worth more than he's being paid now. Even if he doesn't understand apostrophes and irony. What he means is sarcasm. Like I've just applied there. I don't know how much truth there is in the idea that the delay with the accounts is dow
  6. Spelthorne council’s secret rent deal will cost £4.5m Andrew Ellson | Gareth Davies Friday June 26 2020, 12.00am, The Times A council that has bet more than £1 billion of taxpayers’ cash on commercial property has secretly let a key tenant put off paying millions of pounds in rent because of the coronavirus pandemic. Spelthorne council in Surrey is said to have agreed an 18-month rent deferral with WeWork, the troubled property management company, amounting to a £4.5 million short-term loss for t
  7. I suspect it's already a car crash and some of it would have been a problem without what is happening. The argument that the council has been fond of making - that it's low risk because of the underlying value of the assets - looks increasingly frazzled. For those investments with little or no asset value - Redwood and Together Energy - other questions should be asked and not just by keyboard warriors like me. Councillors should be doing their job. I also wonder when the local media (I'm watching you :)) will report on that story that the council has decided not to go ahead with the £220
  8. And from The Guardian MPs investigate commercial property purchases by councils Parliament’s spending watchdog has launched an inquiry into purchases of commercial property by local authorities, amid fears that the coronavirus pandemic will expose councils to a drop in income from their investments. The public accounts committee will look into whether local government officials have the commercial skills required for such transactions, which have rocketed over the past four years. MPs will also question officials from the Ministry of Housing, Communities and Local Governme
  9. To be fair to the council I think this is why Time Square is the right thing to do. But even that is - at best - going to be harmed by what is happening. Cineworld was already a bit wobbly even before this and I can't see any of the bars and restaurants they may have been in conversations with going unaffected either.
  10. Below, from The Times with a worrying conclusion. Did anybody pick up on the news in the business media that WBC has just shelved plans to spend £220 million on commercial property that was on the market for £200 million? They need to be coming under far more scrutiny from councillors, the government and the media. I suspect that their current investment strategy is now a millstone for the town. Authorities’ big gamble on property deal-making puts locals on shaky ground Martin Shortland spends most of his time working as an IT consultant, but last year the 52-year-old declared wa
  11. What statistics? I know the pilot schemes showed no decrease in injuries so the decision to use them as the basis for a blanket 20 limit was baffling. But what has happened since they were introduced? I'd guess equally no impact otherwise we'd have been told.
  12. From the FT today. Auditor raises alarm at £6.6bn council property spree Fourteen-fold increase in deals as local authorities seek to plug funding gap The UK government’s spending watchdog has raised the alert over local authorities pouring billions of pounds into commercial property at a time when many private investors are shying away from the sector. The National Audit Office found councils had spent £6.6bn on shops and offices between 2017 and 2019, a 14-fold increase compared to the previous three years. Meg Hillier, chair of the public accounts committee, s
  13. People can have lots of reasons for remaining anonymous Geoff, only some of which are malicious. You and I have communicated under my real name and I have no problem doing so in direct interactions. I just don't want to do so on a public forum. Talking of this though, how often do we see the council hiding behind an anonymous 'spokesperson' whenever anything controversial happens or on an issue which has the potential to cause an individual a problem? You'll find councilors and senior officers queuing up to be associated with good things, yet the moment anything goes wrong or needs somebo
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