Comments by "Aden Wellsmith" (@adenwellsmith6908) on "ASOS Go WOKE... (\u0026 Broke)" video.

  1. So what you are saying is there isn't a lot of money to be made in selling Burqas.
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  2. One interesting feature of the councils going bust is investment. The left demands investment. So I ask where are the accounts for these "investments". I want to see the income and expense accounts to see if they have made a profit, and similarly the balance sheet showing assets a liabilities to see the same thing. They can't provide them, because the investments aren't investments The exceptions are councils. We know can see exactly how these government investments have worked. The latest is Nottingham. The BBC doesn't report what has gone on. However, they started a company Robin Hood Energy. The only bit of that name that's correct is the robbing bit. The tax payers have been robbed. Auditors Grant Thornton calculated the council had invested a total of £43m into the company and risked £16.5m in guarantees. Bristol did it first. The failed energy company, set up by Bristol City Council, lost around £46m. A report examined why extra council investment was approved despite the heavy losses. So why did Nottingham copy the investment? Croydon. Bust three times. Croydon borrowed £545m during the past three years to invest in housing and commercial property. This included a £200m loan to its own housing development arm Brick By Brick, which has yet to return a dividend. The council has capital borrowings of nearly £2bn. It invested £30m in the local Croydon Park Hotel in 2018-19. This went into administration in June. It also spent £46m on a shopping centre. The council’s strategy of “invest[ing] its way out of financial challenge” was “inherently flawed”, as councillors did not properly understand the retail and leisure markets, auditors said. It had debts that totalled £1.3bn. Woking. Following a failed investment strategy, propelled by borrowing hundreds of millions of pounds for local regeneration projects, Woking Borough Council issued a section 114 notice in June. The council – which invested in building a new shopping centre, residential skyscrapers and the cutlery for a 23-storey Hilton hotel in the town centre – has debts which are forecast to reach £2.6bn Thurrock’s situation emerged after it provided £655m to companies via bonds, including the purchase of 53 solar farms.
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