Tag Archives: The Telegraph

Government’s council tax freeze

At least 30 Tory-led local authorities are planning to reject demands to freeze tax rates this year, a Telegraph survey finds.

### telegraph.co.uk 8:30AM GMT 11 Jan 2015
Council tax to rise in Tory shires despite freeze ordered by ministers
By Edward Malnick – The Telegraph
Dozens of councils are preparing to defy the Government’s council tax freeze, including many in Conservative heartlands. A survey by The Telegraph found that at least 30 Tory-led local authorities are planning to reject demands to freeze tax rates this year. They are among 60 across England who say they intend to increase bills from April — including almost half of the country’s 27 county councils.

The Government has said councils should help taxpayers with the cost of living and ministers will be particularly concerned in the run-up to the general election in May.

Eric Pickles, the Local Government Secretary, said residents should “demand an explanation” if councils refused the freeze. He accused some of being “democracy dodgers” for planning to push up rates by 1.99 per cent, shy of the 2 per cent threshold at which they would have to hold a referendum.
More than 80 councils said that their proposals would not be published until a later date, raising the prospect of more householders facing rises.
The Telegraph surveyed all 353 of England’s councils about their 2015-16 council tax bills, most of which will be finalised by March. Of the 262 that responded, only four said that they were preparing to reduce their levies, while 116 were planning to go along with the request to freeze rates.
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█ Soundings at Whale Oil Beef Hooked:
Cameron Slater 13/1/15 “This would be a fantastic policy to have here, as it would stop the councils doing exceptionally stupid things because there is no way in hell voters would vote for a rates rise of greater than 2%. There are a few things needed for local government reform in New Zealand. The first is the power of recall and recall elections. The USA has them, Canada has them, and the UK is getting them. This would allow citizens to remove ratbag mayors and councillors instead of waiting 3 years.” More

Postscript: Cameron Slater 13/1/15 Lusty, loopy, lascivious and now SLIMY Len

DCC mayor and councillors (2013-14) 1Dunedin City Council, glory days. What can possibly happen to Cull.

You might want to sponsor the dropkick…. anything to fix the Citifleet profile eh, Daaave —[McKerracher goes mad with PR opps]

Posted by Elizabeth Kerr

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DCC public finance forum 12.8.14 (ten slides)

The ten powerslides presented by DCC group chief financial officer Grant McKenzie, as discussed at the public finance forum held earlier this month are available for download (see PDF below).

Finance - top secret (yahoofinance at facebook) 1Figures might be, but the forum was advertised….

Public notices advertising the forum and the warm invitation extended by Cr Richard Thomson, chair of the Finance Committee, were unfortunately met with low attendance on the night. Few of the well-known vocal commentators on DCC’s financial position, or indeed, leaders of the Otago Chamber of Commerce, bothered to show. Those individuals lose a measure of credibility. Where were all the beleaguered ratepayers and residents? The local ‘interested’ accountants, economists, board directors, investors, and successful business people? Their apologies? Has everybody drowned with rising sea levels or been knocked from their bikes on the one-way? Blame Dave Cull.

Rob Hamlin and ‘JimmyJones’ did make the effort to be there, solidly plying their observations and questions in debate. Other members of the public also engaged. We didn’t hear the names of people who forwarded questions prior to the meeting, or what their questions were. Notwithstanding, the slides are the Council’s attempt to respond to issues commonly raised, in summary.

Finance your next car (goodcars.co.nz)The first public finance forum was held on 27 November 2013. The second on 12 August was an opportunity to hear Grant McKenzie who arrived at the Council in January. He proves to be approachable, mild-humoured and self-effacing. Grant explores the expanded GCFO role ably supported by senior finance staff; his already onerous duties include the overlay of current fraud investigations, new systems for accountability and risk management, as well as the stadium review (due in September).

[click slides to enlarge – scanned from forum handout]

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DCC Finance Forum (powerslides 1-10) (PDF, 18.6 MB)

For more information on DCC, enter the terms *finance*, *dcc*, *dchl*, *delta*, *cst* *dvml* or *stadium* in the search box at right.

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Other Reading – link supplied by Calvin Oaten
Sat, 23 Aug 2014 at 12:08 p.m.

Finance (nzvf.co.nz)

An interconnected world was meant to reduce inequality – but that doesn’t seem to be happening.

### blogs.telegraph.co.uk August 22, 2014 13:18
Finance
Nobel gurus fear globalisation is going horribly wrong (technical)
By Ambrose Evans-Pritchard
David Ricardo’s Theory of Comparative Advantage has broken down after 200 years, or so I learned at the Lindau forum of Nobel laureates in Bavaria. The theory published in 1817 has been a guiding principle of free trade, taken as a given by every student of economics in the modern era. It has served us well, but just as Newton’s theories ran into limits and were overtaken by Einstein’s relativity, comparative advantage no longer explains the world. Under Ricardo’s model, inequality was supposed to narrow within countries as globalisation accelerated exponentially in the Nineties. Instead it is getting wider. The Gini coefficient measuring the spread between rich and poor is narrowing between countries, but is widening almost everywhere within countries, leading to a corrosive concentration….
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● Ambrose Evans-Pritchard has covered world politics and economics for 30 years, based in Europe, the US, and Latin America. He joined the Telegraph in 1991, serving as Washington correspondent and later Europe correspondent in Brussels. He is now International Business Editor in London.

Posted by Elizabeth Kerr

*Images: (from the top) Facebook – yahoofinance (advert); goodcars.co.nz – Finance your next car (advert); nzvf.co.nz – New Zealand Vehicle Finance (advert)

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