Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
While the private sector must turn a profit in order to pay it’s staff and management team, things are very different in Local authority world.
The Prime minister is left behind by approx. 539 heads of local authorities around the country who earn more than her salary of £150k. Surely this cannot be right. How on earth could a Council office boss suck up over £150k of taxpayers money and furthermore how could their job be deemed more important than that of the PM.
Meanwhile back in the real world, millions of council tax payers have just received their new council tax bills, pumped up by another 4.99%. Not 5% as this would have required a vote which meant taxpayers rejecting the increase.
Over in Sunderland where Ofsted excoriated the Council, The poor old Chief exec left. However, all is not lost because on his way out the door he pocketed approx. £625k of taxpayers money to help him cope outside of Local authority world.
Back to my favourite Council “good old Liverpool city Council”. I am delighted to inform readers that LCC came Fourth in the Chief exec salary scandal. The Head Honcho in Liverpool earned £461k. Yes £461,000. Lets put that into perspective. To Keep this high calibre individual in situ (lest he defect to the private sector) they rarely do as the private sector does not seem to value them as Councils do, it would take 461 band A council tax payments to fund his salary. Another way of measuring this is that it would take 1317 Landlord licence fees to fund his salary for just one year.
It gets better Mayor Anderson declared the Council broke, because of evil Tory cuts and he suggested a vote on raising Council tax. This was quickly abandoned when it dawned on the Town Hall that voters would reject further taxes. Good Old LCC, do not give up however, and a new wheeze was dreamed up.
Businesses in the city centre ie Bars and clubs who already pay inflated rates bills will now have to pay the council a “late night levy” Yes on top of the rates bill, a further fee will be extorted by Liverpool to allow them to trade. How long before the public wake up and why on earth is power being devolved to these bodies, who simply cannot manage to balance a budget.
Finally in case readers are worried about the welfare of Council Chief execs and other senior management who leave from time to time. Do not despair. They simply step off then get back on the Merry go round usually joining another Local authority or public sector body where they can keep sucking up our money.. How do our Property taxes compare with other Jurisdictions. Germany and Spain levy just a fraction of what is foisted on British tax payers.
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