Are Mike Whitby’s #BrummieBonds about to become a reality….????
Proposals for Brummie Bonds were first put forward by former Greenpeace economist Colin Hines at the end of 2004 (Birmingham Post – Comment: 5.2.04), at the end of 2004 by then Conservative council leader Mike Whitby mentioned here, advocated in the Stirrer (2008) and frequently by John Clancy (right), before he became Labour council leader (most eloquently in 2011).
Professor David Bailey (Aston Business School, Birmingham) welcomed the news that the City has found a new way to finance house-building – John Clancy’s first issue of Brummie Bonds (more detail here):
“The City Council is already building more new council houses than any other local authority in the country – with the Birmingham Municipal Housing Trust building 30% of all new homes in the city last year. But that’s still not enough and using Brummie Bonds to raise £45m to…
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