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.

https://www.change.org/p/david-cameron-mp-croydon-council-leadership-team-newman-tony-united-we-stand-join-this-petition-as-we-stop-labour-party-led-croydon-council-from-this-continued-inequality-to-retract-their-decision-and-give-this-dilapidated-building-back-to-the-pr?recruiter=241709376

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

http://www.hisgrace-evangelicaloutreach.co.uk/?page_id=583

Further threat to Upper Norwood Library

http://insidecroydon.com/2015/03/19/library-closure-would-be-disaster-warns-society-chairman

What does the Budget mean for Croydon?

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

http://www.steve4croydon.co.uk/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.

http://news.croydon.gov.uk/croydon-welcomes-chancellors-7m-growth-zone-budget-announcement

Secrecy of  meetings between senior officials and major firms

http://www.croydonadvertiser.co.uk/Croydon-Council-considers-withholding-details/story-26194521-detail/story.html#ixzz3UmghKqjN

Croydon Green Party Manifesto

http://croydon.greenparty.org.uk/manifesto-2014.html

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 https://www.whatdotheyknow.com/request/lobo_loans_21?nocache=incoming-631106#incoming-631106

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)

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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 http://thecroydoncitizen.com. 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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