Croydon News Update at 21 March

Evangelicals launch petition to get Ashburton Library

The evangelical church that had hoped to take over the old Ashburton Library building has launched a petition calling for Croydon Council to sell it to it.

It has posted up a lot of correspondence with the Council at

Further threat to Upper Norwood Library

What does the Budget mean for Croydon?

Croydon North Labour MP Steve Reed says its ‘A budget that lets Croydon down’.

Croydon’s Labour Leader Tony Newman has cautiously welcomed the proposed £7m cash injection towards helping the Council put in place proposals for the Croydon metropolitan centre.

Secrecy of  meetings between senior officials and major firms

Croydon Green Party Manifesto

Croydon Council £100m debt with Royal Bank of Scotland

The Council is £100m in debt to the Royal Bank of Scotland through Lender Option Borrower Option (LOBO) loan contracts entered into between 2007 and 2010.  It also had 2 LOBO loans of £20m with Dexia Capital (2007) and £19.5m with Siemens Financial Services (23012 &13). Full details can be seen at

Since being bailed out £45bn by the Government in 2009 the Royal Bank of Scotland has been fined:

  • £5.6m by FSA over money laundering etc
  • £28.58 million for anti-competitive practices (January 2011)
  • by US and EU over Libor (2013)
  • £62m by US regulators for violating US sanctions with Iran (2013).
  • £56m by FCA and £14m by PRA ‘unacceptable’ computer failure (2014)
  • n£400m for role in rigging the foreign exchange market. (2014)
  • by US Supreme Court (2015)


About seancreighton1947

Since moving to Norbury in July 2011 I have been active on local economy issues with Croydon TUC and Croydon Assembly, and am a member of the latter's Environment Forum. I am a member of the 5 Norbury Residents Associations Joint Planning Committee, and a Governor of Norbury Manor Primary School. I write for Croydon Citizen at I co-ordinate the Samuel Coleridge-Taylor and Croydon Radical History Networks and advise the North East People's History Project.. I give history talks and lead history walks. I retired in 2012 having worked in the community/voluntary sector and on heritage projects. My history interests include labour movement, mutuality, Black British, slavery & abolition, Edwardian roller skating and the social and political use of music and song. I have a particular interest in the histories of Battersea and Wandsworth, Croydon and Lambeth. I have a publishing imprint History & Social Action Publications.
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