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