Westferry Printworks Development

Debate between Steve Reed and Tom Randall

Wednesday 24th June 2020 Commons Chamber

[Steve Reed]

I very much agree with my hon. Friend. If the Secretary of State will agree today to publish the documents, we can all see, with full transparency, what really went on. That is all we are seeking in this debate.

[Tom Randall (Gedling) (Con)]

Is it not also the case that Labour-run Tower Hamlets Council has £567 million in usable reserves and is losing £3 million to £4 million a year in inflation because it is not spending the money it has got in the bank, which is just sitting there?

[Steve Reed]

I am afraid I do not know Tower Hamlets Council’s budget in sufficient detail, but I do know that councils across the country face a funding gap of around one fifth of their annual revenue budget because the Government have failed to deliver on their promise to fund councils to do whatever is necessary to get communities through this pandemic. That is another issue that I hope the Secretary of State will deal with.