#Birmingham #Bonds and the #BankofBirmingham….A financial step too far for #Brum?
THE BANK OF BIRMINGHAM: A CLANCY PIPE-DREAM AND A PANACEA FOR BIRMINGHAM CITY COUNCIL’S FINANCIAL PROBLEMS: OR STILL A STEP TOO FAR?
After Mike Whitby single-handedly saved what is left of Birmingham’s oldest motor car maker at Longbridge(albeit with some Chinese assistance), he turned his considerable talents to single-handedly rescuing the bankrupt British banking system with his then ‘latest idea’ – The Bank of Birmingham.
This is nothing new………….
Lord Whitby of Harborne was following in the political footsteps of another great Birmingham Conservative, one Neville Chamberlain, whose fate as Prime Minister all Birmingham people are familiar with after Munich and the appeasement of Adolf Hitler in 1938.
He was the son of Joseph Chamberlain, creator of the modern municipal Birmingham.
While Lord Mayor of Birmingham, Neville Chamberlain first had the idea in 1915 of creating a Birmingham Bank….the ‘Birmingham Municipal Bank’.
During his time as Chancellor of the Exchequer in the National…
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