Quote: Daddycool "You magnificently miss a crucial point.
If the council borrow 10 million, and I guarantee to more then cover what it costs them in interest, why does it even matter if the loan is ever repaid. It just means year on year, they are actually making a profit on the loan, that can be ploughed into other services!'"
Fair enough.
You know significantly more about it than I do. That may sound sarcastic but it genuinely isn't meant to, you obviously know more about this kind of thing than I do.
If that's viable going forward, that's fair enough. I'm not sure how you'd word that in an agreement with central funding but as you say, leave that to you.
It's amazing how these days if your opinion differs from somebody else's, your immediately called a troll.