Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
Gold Bullhorns Quieted for a Day, at Least - 22nd Feb 19
US Auto Loans - Americans Missing Car Payments Is a Symptom of a Much Bigger Problem - 22nd Feb 19
Stock Traders Must Be Cautious Part III - 22nd Feb 19
Stock Traders Must Stay Optimistically Cautious II - 22nd Feb 19
Sheffield FlyPast Footage - "Mi Amigo" US Bomber Crash Memorial Endcliffe Park - 22nd Feb 19
Sheffield "Mi Amigo" Memorial Fly Past , BBC Crew Setting Up Stage for Breakfast TV Endcliffe Park - 21st Feb 19
Stocks Closer to Medium-Term Resistance Level - 21st Feb 19
The Stock Market’s Momentum is Extremely Strong. What’s Next for Stocks - 21st Feb 19
QE Forever: The Fed's Dramatic About-face - 21st Feb 19
Gold Technical Perspective – Why So Bullish? - 21st Feb 19
Sheffield "Mi Amigo" Memorial Fly Past at 8.45am on 22nd Feb 2019 - 20th Feb 19
Here’s The Real Reason You Stress About Money - 20th Feb 19
Five Online Marketing Predictions that will Matter in 2019 - 20th Feb 19
Has Gold Price Reached Upside Resistance Near $1340-1360? - 20th Feb 19
So Many Things are Not Confirming Stock Market Rally - 20th Feb 19
Forex Trading Management: The Importance of Being Prepared - 19th Feb 19
Gold Stocks are Following This Historical Template - 19th Feb 19
Here’s Why The Left’s New Economic Policies Are Just Stupid - 19th Feb 19
Should We Declare Emergency for Gold? - 19th Feb 19
Why Stock Traders Must Stay Optimistically Cautious Going Forward - 19th Feb 19
The Corporate Debt Bubble Is Strikingly Similar to the Subprime Mortgage Bubble - 18th Feb 19
Stacking The Next QE On Top Of A $4 Trillion Fed Floor - 18th Feb 19
Get ready for the Stock Market Breakout Pattern Setup II - 18th Feb 19
It's Blue Skies For The Stock Market As Far As The Eye Can See - 18th Feb 19
Stock Market Correction is Due - 18th Feb 19
Iran's Death Spiral -- 40 Years And Counting - 17 Feb 19
Venezuela's Opposition Is Playing With Fire - 17 Feb 19
Fed Chairman Deceives; Precious Metals Mine Supply Threatened - 17 Feb 19
After 8 Terrific Weeks for Stocks, What’s Next? - 16th Feb 19
My Favorite Real Estate Strategies: Rent to Live, Buy to Rent - 16th Feb 19
Schumer & Sanders Want One Thing: Your Money - 16th Feb 19
What Could Happen When the Stock Markets Correct Next - 16th Feb 19
Bitcoin Your Best Opportunity Outside of Stocks - 16th Feb 19
Olympus TG-5 Tough Camera Under SEA Water Test - 16th Feb 19
"Mi Amigo" Sheffield Bomber Crash Memorial Site Fly-past on 22nd February 2019 VR360 - 16th Feb 19
Plunging Inventories have Zinc Bulls Ready to Run - 15th Feb 19
Gold Stocks Mega Mergers Are Bad for Shareholders - 15th Feb 19
Retail Sales Crash! It’s 2008 All Over Again for Stock Market and Economy! - 15th Feb 19
Is Gold Market 2019 Like 2016? - 15th Feb 19
Virgin Media's Increasingly Unreliable Broadband Service - 15th Feb 19
2019 Starting to Shine But is it a Long Con for Stock Investors? - 15th Feb 19
Gold is on the Verge of a Bull-run and Here's Why - 15th Feb 19

Market Oracle FREE Newsletter

The Real Secret for Successful Trading

Sheffield City Council Baldrick Plan to Cut Waste Collections Costs Fails

Local / Sheffield Jun 04, 2013 - 02:47 PM GMT

By: N_Walayat

Local

Sheffield City Council bureaucrats baldrick-esk cunning plan of last year to cut costs by cutting black bin waste collections by 50% has abysmally failed in every respect as official figures reveal no spending is expected to be cut for 2013-14, and the final actual amount expended is likely to INCREASE, whilst at the same time cutting waste collections by 50% is resulting in many households being left with growing mountains of uncollected waste.


Many Sheffielders are now having to face upto doing the city councils job for them whilst at the same time paying for the city council to effectively NOT collect waste.

Those seeking a solution form Sheffield City council waste management services such as a larger black bin will be met with a formulaic rejection of their requests and instead expected to effectively wave a magic wand, say 'abracadabra' to magic the waste away, which off course means regular fortnightly or monthly trips of several miles to the local waste disposal sites, the long lines of traffic at such sites illustrate the shear magnitude of the Labour run Sheffield city council incompetence in charging more for waste disposable whilst cutting refuse collection by 50%.

Suggestions of increased recycling can only cut waste upto a point.

A better solution would be to allow citizens of cities such as Sheffield to opt out of local council waste disposal in favour of more regular private waste collection firm.

Incompetent Sheffield City Council's 25 Year Contract with Veolia

The claim by Labour / Sheffield City Council was that the 50% cut will reduce waste by 10% and cut costs by saving £1.6 million in year 1 and £2.4 million over several years, though at an estimated cost of £1 million to implement, so for a net saving of just £600k in the first year which is set against the annual budget of £1.4 billion! Though what these calculations failed to allow for were the impact of high public sector / monopoly services Inflation, which insures that NO monies have been nor will be saved. Additionally the argument of cutting waste by 10% is nonsensical because households will still generate the same amount of waste, it's just that less of it will find its way into black bin's and more elsewhere such as fly tipped that will cost the council far more to clear.

The decision to make these cuts was made by the Council in Feb 2012, led by Cllr Leigh Bramall (Labour). This was despite government funding available as of 30th Sept 2011 for 3 years funding for weekly black bin collections to continue which for political reasons the Labour council failed to apply for this funding.

Both the Liberal Democrats and Labour party are to blame for the fiasco that is Sheffield's waste collections and processing, such as the handing over of Sheffield's incinerator to Veolia after tax payers were forced to spend £25 million on upgrades. The degree of incompetence can be witnessed in the Veolia's company accounts, where the company reports large jumps in annual profits such as 18.4% for 2011 to £119.5 million on revenues of £1,251 million. Therefore even before the recent cost cuts a large chunk of Sheffield council taxes were going towards Veolia's vast profits, and even more now after black bin collections have been cut by 50%, despite apparently Sheffield City Council having another 14 years to run on a 25 year contract for weekly bin collections. This apparent 25 year long contract with Veolia needs to be Independant investigated as to why in the first place were Sheffield residents signed up to such a lengthy contract and secondly why 10 years into the contract were bin collection services cut by 50%. At the very least such an investigation will illustrate how incompetent Sheffield City Council is in managing public funds, at worst could reveal alleged irregularities in the arrangement of contracts with a whole host of suppliers at huge costs to council tax payers.

The 50% cut in bin collections will encourage fly tipping by many residents left with over flowing black bins, many of which could go uncollected due to strict weight / bin lid closure policies. Therefore escalating the costs for clearing fly tipping which will effectively end up costing the city council many times more than the amount it stated that would be saved and which in reality not being saved.

The only way the city council can actually cut costs would be by reducing the the number of paper pushing bureaucrats employed at its department for waste management, perhaps that is where the 50% cut should have been made.

Source and Comments: http://www.marketoracle.co.uk/Article40744.html

Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2013 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of four ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series.that can be downloaded for Free.

The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 600 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules