The bank of Essex – where is it?

Back in November and December last year, Essex County Council came up with a plan to rescue

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us all in Essex from the credit crunch. They were not going to reduce our council tax by a 100 quid each, instead they were going into partnership with Satander (owners of the Shabby, I mean Abbey) and start a community bank.

At first I thought this was a rubbish idea, but it has really grown on me, and I think its great. I am champing at the bit to open my account, and accounts for my girls, and one for Spartacus too. I am going to write to Lord Hanningfield and tell him it’s a really good idea, only he hasn’t replied to my previous correspondence and I now fear I will be labeled a stalker if I write to him anymore … what a world we live in.

If the bank makes enough of a profit perhaps we will still get a council tax reduction. This idea has legs if the council bankrolled good businesses for a share of the profits, their goldplated pensions will become self funded, and we won’t begrudge them a penny as we will no longer be taxed to death to pay for it…. Sounds quite a good plan, just need an evil genius laugh now…

Why is this taking so long? rumour has it that the council are stumping up 50 mill, Satander the other 50 mill and they are going to loan to local businesses and local business people! Yay! brilliant.

The hiccup is here -  its taking so darn long to sort out, we will have no businesses left by the time they open their doors or our credit worthiness will be non existant, so they won’t loan us any money anyway…

I wonder if they will print their own currency? Will they put Jade Goody on a tenner? Denise  Van Outen on a Fiver, Chantelle Houghton on a twenty? or Brian who’s last name I cannot recall?

There are so many plus’s to having our own bank, why is it taking so blinking long to open??? Surely they are not waiting for a nice building in Chelmsford to become available?

Sarah

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