I have responded to the Calderdale Council Budget Consultation by saying that I do not support the proposal yet again to keep paying out an unquestioned yearly £1 million in interest charges!
Today’s citizens are not responsible for old debts and interest unjustified by lender’s labour, cost or risks is immoral - “Lend expecting no return” - Jesus, at Luke 6 verse 35. Withholding this would obviate the threatened cuts in local services in the next few years! The Council should consider with others in Yorkshire on this and on creating interest-free local currencies which the government should match by issuing similar supplementary Britpounds to outflank the failed “global market”.
(Todmorden Town Council)