QUESTION.
Unanimous economic advice, publicly warns that disproportionate and counterproductive costs are well known consequences of taking mortgage holidays.
Given the certainty of that expert public advice, what steps has this council taken to appraise itself of, and quantify, those certain and inevitable consequences?
A cursory analysis of the estimates reveals the inevitable consequences underlying and underpinning this mortgage holiday. In round figures they are essentially - a tripling of debt, a tripling of interest, and a doubling of rates.
What advice was sought or received by this lay council, to quantify and consider the costs and consequences, of the inevitable underpinning effects, caused by this radical action?
What cost benefit analysis was undertaken prior to approval - as required by legislation?
Where are the reports briefing this lay council on the costs, consequences, affordability, and sustainability of such major increases in debt, interest, and rates?
About Me
- pinocchio
- This blogspot is born out of a deep democratic concern about the continual political spin and the outright manipulation and suppression of information by local government and local media. In my view that rampant disinformation has become so extreme that it can only be considered grossly deceptive. This blogspot attempts to provide some balancing transparency to that situation. Hopefully it might even help keep the "buggers" honest.