You already know there is over £170 million cash held in reserves by this council, and still it proceeds to cut funding to the community.
We are in difficult times economically.
No one has been unaffected by these conditions.
Thankfully this council is well placed to negotiate itself through difficult times.
We can do this because we have always used our money wisely.
And by doing so we have ensured we have enough in reserve for precisely this sort of eventuality.
I can remember recently answering criticisms about the level of our reserves.
But it is these reserves that will go someway to securing our services when many around us will be struggling.
Councillor Merrick Cockell August 2009
So in 2009, with a Labour government at the helm and faced with the economic conditions at the time not too dissimilar than now, it didnt matter because despite what that nasty Mr Brown and co could unleash on the borough, Sir Cockle and his friends had stashed away enough cash to be the knight in shining armour.
Fast forward to 2011, with over £170million still in the pot, instead of dipping into it to alleviate some of the funding shortages the budgets are being cut and part of your council tax is going to actually be paid into the reserves!
What a difference a change in government makes.
You can listen to the drivel here