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 Efirstname.lastname@example.org||@clivebettsmp|
|Julian Knight MP Eemail@example.com||@julianknight15|
|Mary Robinson MP Efirstname.lastname@example.org||@MaryRobinson01|
|Bob Blackman MP Eemail@example.com||@bobblackmanmp|
|Mark Prisk MP Efirstname.lastname@example.org||@PriskMark|
|Helen Hayes MP Eemail@example.com||@HelenHayes_|
|Angela Rayner MP Efirstname.lastname@example.org||@angelarayner|
|Alison Thewliss MP Eemail@example.com||@alisonthewliss|
|Joe Cox MP Efirstname.lastname@example.org||@Jo_Cox1|
|Kevin Hollinrake MP Eemail@example.com||@kevinhollinrake|
|David Mackintosh MP Efirstname.lastname@example.org||@davidmackintosh|