On Tuesday 14th July, the Department for Communities and Local Government (CLG) Select Committee will meet for the first time to decide whether a Government inquiry into rip-off LOBO loans taken out by Councils and the advisory firms which recommended these deals should proceed, as requested by Clive Betts MP.
The inquiry follows on from the Channel 4 Dispatches documentary that presented 12 months of Debt Resistance UK FOIA research into unregulated bank loans to UK local government in: “How Councils Blow Your Millions”.
At the centre of this scandal is the role of Treasury Management Advisors – firms including ICAP and CAPITA who advise local authorities, housing associations, universities, and NHS Trusts how to structure their borrowing and investment decisions.
List of CLG Select Committee MPs
Clive Betts MP – Chair E | clive.betts.mp@parliament.uk | @clivebettsmp |
Julian Knight MP E | julian.knight.mp@parliament.uk | @julianknight15 |
Mary Robinson MP E | mary.robinson.mp@parliament.uk | @MaryRobinson01 |
Bob Blackman MP E | bob.blackman.mp@parliament.uk | @bobblackmanmp |
Mark Prisk MP E | hunterj@parliament.uk | @PriskMark |
Helen Hayes MP E | helen.hayes.mp@parliament.uk | @HelenHayes_ |
Angela Rayner MP E | angela.rayner.mp@parliament.uk | @angelarayner |
Alison Thewliss MP E | alison.thewliss.mp@parliament.uk | @alisonthewliss |
Joe Cox MP E | jo.cox.mp@parliament.uk | @Jo_Cox1 |
Kevin Hollinrake MP E | kevin.hollinrake.mp@parliament.uk | @kevinhollinrake |
David Mackintosh MP E | david.mackintosh.mp@parliament.uk | @davidmackintosh |
Suggested Email
Title: Please support a full CLG inquiry into LOBO Loans to local authorities.
Suggested Tweets
(click each tweet below to send it automatically)
.@clivebettsmp Please support a full @CommonsCLG inquiry into rip-off bank #LOBO loans to #localgov by @TheFCA. http://bit.ly/OpenDem .@julianknight15 Please support a full @CommonsCLG inquiry into rip-off bank #LOBO loans to #localgov by @TheFCA. http://bit.ly/OpenDem . @MaryRobinson01 Please support a full @CommonsCLG inquiry into rip-off bank #LOBO loans to #localgov by @TheFCA. http://bit.ly/OpenDem .@bobblackmanmp Please support a full @CommonsCLG inquiry into rip-off bank #LOBO loans to #localgov by @TheFCA. http://bit.ly/OpenDem .@PriskMark Please support a full @CommonsCLG inquiry into rip-off bank #LOBO loans to #localgov by @TheFCA. http://bit.ly/OpenDem .@HelenHayes_ Please support a full @CommonsCLG inquiry into rip-off bank #LOBO loans to #localgov by @TheFCA. http://bit.ly/OpenDem .@angelarayner Please support a full @CommonsCLG inquiry into rip-off bank #LOBO loans to #localgov by @TheFCA. http://bit.ly/OpenDem .@alisonthewliss Please support a full @CommonsCLG inquiry into rip-off bank #LOBO loans to #localgov by @TheFCA. http://bit.ly/OpenDem