Birmingham City Council underspent by £10.2million in 2011/12
Birmingham City Council underspent by £10.2million in 2011/12
The new Labour administrations claim that the previous
Conservative-Liberal Democrat administration was financially incompetent has
been left in tatters today with the release of the end of year financial
figures for 2011/12. The figures show that that last year, the Council stayed
within budget and actually achieved an underspend of £10.2million.
The new Labour administration has been claiming for the last
four months that they would find the previous administration had left them a
large black hole in the financial figures. Not only has their incorrect use of
the financial term ‘black hole’ shown them to be totally financially
illiterate, but there is no ‘black hole’ as they claim.
The financial figures were due to be released at the June,
but the Labour administration withheld them, clearly in the hope of
manipulating them to prove an overspend.
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