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The truths they don't want you to read....

Monday, December 14, 2009

Housing stock transfer

Now remind me again, just what benefits Housing Stock Transfer has brought to the islands....

At least £1m in consultants fees, 7 years of political wrangling and the off-loading of the housing debt from the Council to the Government, and where are we exactly?

Houses not being built....
The Council filling the funding gap....
Financial crisis....

Oh yes, and very limited political say by the Councillors over the whole process. What a wonderful success it has been.

The ideological decision by Labour to drive Stock Transfer through has been the root cause of the problem and with budgets tightening there are only going to be temporary solutions to the underlying problem.

And all the time, the construction sector struggles more and more.

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