Owl reported this story from the Sidmouth Herald in full yesterday:
East Devon Alliance councillor Cathy Gardner has contacted EDW to clarify the story:
“To my knowledge (as a District Cllr), EDDC has over £80m in debt because it had to borrow money to hold on to its council housing when the conservative government were making councils sell it off. So this is debt for a good & bad reason!
I’m surprised that the ‘politically neutral’ press officers have not added this to their comment to the Herald. I’ve objected to the council proposing to borrow money to invest in commercial property (to generate income), something else forced on them by the conservative government cuts to council grants (now zero).
The relocation from the Knowle is another matter. If re-elected I will continue to push for transparency on costs and to see if any of the Conservative group can ever prove break even.”