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Birmingham city Council

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By *usybee73 OP   Man
12 weeks ago

in the sticks

https://www.bbc.co.uk/news/articles/c20ljz7l7y2o

300m in debt yet have 450m assets in art.

Should they sell the art?

If the likes of the general public were in debt ... wouldn't the bailiffs take all the assets?

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By (user no longer on site)
12 weeks ago


"https://www.bbc.co.uk/news/articles/c20ljz7l7y2o

300m in debt yet have 450m assets in art.

Should they sell the art?

If the likes of the general public were in debt ... wouldn't the bailiffs take all the assets?"

Yes they should sell it off.

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By *exy_HornyCouple
12 weeks ago

Leigh


"https://www.bbc.co.uk/news/articles/c20ljz7l7y2o

300m in debt yet have 450m assets in art.

Should they sell the art?

If the likes of the general public were in debt ... wouldn't the bailiffs take all the assets?"

No. The art is an asset for the people.

They should get their house in order and stop their financial incompetence.

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By *hrill CollinsMan
12 weeks ago

The Outer Rim

selling assets is a really shit idea .... any economist worth their salt would recommend using the assets as leverage to borrow .... after all, right wingers will tell you 'it's the economy, stupid'

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By *idnight RamblerMan
12 weeks ago

Pershore

It's tough to deprive the cultured citizens of Birmingham their art fix. They can't be blamed for their Labour Council's financial incompetence (although they did vote them into office).

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By *0shadesOfFilthMan
12 weeks ago

nearby

This is precisely why they are bankrupt.

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By *atEvolutionCouple
12 weeks ago

atlantisEVOLUTION Swingers Club. Stoke

Keep the Paintings. Sell Birmingham!

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By *0shadesOfFilthMan
12 weeks ago

nearby


"selling assets is a really shit idea .... any economist worth their salt would recommend using the assets as leverage to borrow .... after all, right wingers will tell you 'it's the economy, stupid'"

They are already at 66% leverage.

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By *otMe66Man
12 weeks ago

Terra Firma


"https://www.bbc.co.uk/news/articles/c20ljz7l7y2o

300m in debt yet have 450m assets in art.

Should they sell the art?

If the likes of the general public were in debt ... wouldn't the bailiffs take all the assets?"

The figure for art is an estimate and as soon as it became an asset for sale the price would plummet

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By *usybee73 OP   Man
12 weeks ago

in the sticks

Actually think it's terrible with residents been asked to pay 20 percent rise on council tax, and reduction on services.

Fair play to the BBC who have exposed the assets, wonders how many other councils are doing the same?

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By *eroy1000Man
12 weeks ago

milton keynes

Hopefully this council is not another blue print for the government to follow

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By *idnight RamblerMan
12 weeks ago

Pershore


"Hopefully this council is not another blue print for the government to follow"

Labour are feckless and irresponsible with finances. How many of the current crop of Labour MPs do you reckon could follow a P&L and Balance Sheet? A dozen tops?

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By *ostindreamsMan
12 weeks ago

London


"Keep the Paintings. Sell Birmingham!"

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By *emma StonesTV/TS
12 weeks ago

Crewe

A substantial part of the debt comes from compensation owed to female employees which occurred under the previous conservative council.

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By *ophieslutTV/TS
12 weeks ago

Central

The former conservative government cut £billions from their budgets, so let's see the conservatives pay that back, before assets are stripped

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By *ophieslutTV/TS
12 weeks ago

Central


"https://www.bbc.co.uk/news/articles/c20ljz7l7y2o

300m in debt yet have 450m assets in art.

Should they sell the art?

If the likes of the general public were in debt ... wouldn't the bailiffs take all the assets?"

Government finance is not like personal finance, as we learned from the snake oil salesmen in the conservative austerity attempts and Liz Truss

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By *otMe66Man
12 weeks ago

Terra Firma


"A substantial part of the debt comes from compensation owed to female employees which occurred under the previous conservative council."

Incorrect

Birmingham last had a ruling conservative council 1982 - 1984.

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By *otMe66Man
12 weeks ago

Terra Firma


"The former conservative government cut £billions from their budgets, so let's see the conservatives pay that back, before assets are stripped "

Are you referencing the austerity measures needed to prevent the country from collapsing after the removal of the previous labour government in 2010?

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By *melie LALWoman
12 weeks ago

Peterborough

Compromise, sell SOME

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By *exy_HornyCouple
12 weeks ago

Leigh


"A substantial part of the debt comes from compensation owed to female employees which occurred under the previous conservative council.

Incorrect

Birmingham last had a ruling conservative council 1982 - 1984.

"

Irrespective of which party it was, this is a large part of the debt.

I really don't understand how this action succeeded. There is no such thing as job equivalence. If waste operatives get bonuses (maybe for working outside in all weathers) and school welfare staff don't, then if you want the bonus, change job. Don't take the easier job then bleat about it.

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By *abioMan
12 weeks ago

Newcastle and Gateshead


"Actually think it's terrible with residents been asked to pay 20 percent rise on council tax, and reduction on services.

Fair play to the BBC who have exposed the assets, wonders how many other councils are doing the same?"

A fair few……. The thing is when it happened to conservative run Kent county council, and conservative run Northamptonshire county council, the then conservative government miraculously found a way to bail them out! Hmmmmmmm

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By *eroy1000Man
12 weeks ago

milton keynes


"A substantial part of the debt comes from compensation owed to female employees which occurred under the previous conservative council.

Incorrect

Birmingham last had a ruling conservative council 1982 - 1984.

"

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By *oxychick35Couple
12 weeks ago

thornaby


"https://www.bbc.co.uk/news/articles/c20ljz7l7y2o

300m in debt yet have 450m assets in art.

Should they sell the art?

If the likes of the general public were in debt ... wouldn't the bailiffs take all the assets?"

sell it or have it sold for them then they have 150 mil to spend

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By *otMe66Man
12 weeks ago

Terra Firma


"A substantial part of the debt comes from compensation owed to female employees which occurred under the previous conservative council.

Incorrect

Birmingham last had a ruling conservative council 1982 - 1984.

Irrespective of which party it was, this is a large part of the debt.

I really don't understand how this action succeeded. There is no such thing as job equivalence. If waste operatives get bonuses (maybe for working outside in all weathers) and school welfare staff don't, then if you want the bonus, change job. Don't take the easier job then bleat about it."

I read about 1 particular claim. Office staff within the council claimed they were unfairly treated. They claimed certain workers who were carrying out their jobs outside were allowed to go home when they had finished their work, the claim stated they were being paid more than the office workers as a result of working less hours for the same pay.

What I didn’t read was how many times they had a break in the day, how many times they worked over or how many times the weather stopped work.

What a nonsense, they should have asked those complaining if they would like to swap roles for a month and if they still felt the same, fair enough, but swapping the air conditioned office for a rainy cold day in the estates of Birmingham isn’t something I think they would entertain.

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By *ild_oatsMan
11 weeks ago

the land of saints & sinners


"A substantial part of the debt comes from compensation owed to female employees which occurred under the previous conservative council.

Incorrect

Birmingham last had a ruling conservative council 1982 - 1984.

"

Part of the £100m debt comes from a Oracle IT system that they implemented where the different directorates chose to adapt rather than adopt…

Bespoke IT systems are basically a license to burn money.

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By *oubleswing2019Man
11 weeks ago

Colchester

I understand from the article that many of these artworks were "gifts" or bequeathed to the city by wealthy benefactors.

.

If I was such a donor (and thus loved the city enough to bequeath an artwork), I'd be flipping furious (whether I was dead or alive) that they DIDN'T sell it to raise funds to improve their financial situation.

.

If that painting or whatever was sold and money was recouped, which then funds this service, or that service, or does public good, I'd consider that a more effective "gift" to my beloved city.

.

As nice as art may be, hungry kids and adults can't eat paintings. But can live from the proceeds of their sale.

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By *bsolutely nutsMan
11 weeks ago

Dover

Lend lease?

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