#Reform UK’s showcase council in #Kent faces “extreme risk” and “instability”, opposition politicians have warned, after it passed its first budget

The party’s councillors voted it through on Thur night after their leaders announced a 3.99% council tax increase, 1% point under the limit before a referendum is required, despite promising before their election win not to raise tax

Green party’s Heaver described the budget as “a victory of political posturing over the interests of residents”
#kcc

South Korea’s AGM season sees rising tensions as retail investors unite via digital platforms and activist funds intensify demands for asset sales and governance reforms, pressuring listed companies to enhance shareholder value.
#YonhapInfomax #ShareholderActivism #RetailInvestors #AGM #KCC #GovernanceReform #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=105083
Retail Investors Mobilize via Apps, Activist Funds Sharpen Tactics—Tensions Rise Ahead of AGM Season

South Korea’s AGM season sees rising tensions as retail investors unite via digital platforms and activist funds intensify demands for asset sales and governance reforms, pressuring listed companies to enhance shareholder value.

Yonhap Infomax
Truston Asset Management has called on KCC Corp. to sell its Samsung C&T stake and cancel treasury shares, estimating a potential 78% share price upside if reforms are implemented.
#YonhapInfomax #TrustonAssetManagement #KCC #SamsungCT #ShareholderActivism #TreasurySharesCancellation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104925
Truston Urges KCC to Sell Samsung C&T Stake—Sees 78% Upside Potential in Share Price

Truston Asset Management has called on KCC Corp. to sell its Samsung C&T stake and cancel treasury shares, estimating a potential 78% share price upside if reforms are implemented.

Yonhap Infomax
Reform-run Kent council accused of fabricating £40m net zero savings

Exclusive: Disclosures show figures cited by council leader rested on unfunded ideas listed briefly in budget papers

The Guardian

Brian Collins, the deputy leader of #KCC, had no government experience before being in post.

Prior to being appointed, he ran a dog's kennel.

There are some people who have said Reform's governance of Kent smacks of incompetence, pointing to the first time ever county wide down grade educational Ofstead Report

Not me, I just think their abilities are best suited in dog's shit and we are just being led along

Xx

TODAY

A Reform UK cabinet member, the dreamboat Matthew Fraser Moat, in charge of purging Kent County Council (#KCC) of waste and inefficiency has resigned after remarks suggesting the authority had “not made any cuts”.

Yesterday, Mr Farage said £100 million had been saved.

Someone is not telling the truth.

I cannot believe it is a man who shoots foxes and wears orange trousers

https://www.kentonline.co.uk/maidstone/news/kcc-reform-uk-cabinet-member-resigns-over-lapse-of-judgemen-335998/

"Does #Kent have to take all the under-18s that cross the channel and put them up at their own cost - yes, " said Mr #Farage

in fact ....

Kent County Council (#KCC) receives extra funding from the central government for housing and caring for under-18 unaccompanied asylum-seeking children (UASCs). This includes specific grants to cover the cost of reception centres and care services, with recent, targeted injections of around £9.8 million to increase capacity.

xx

Farage is on the telly saying #'KCC have saved £100 million pounds

Let's look at just one little bit

CLAIM: £5.5m saved after paying off £50m Barclays loan 40 years early, saving £1,820 per day (£664,000 per year) in interest

Analysts, such as Cllr Kennedy, suggest the funds came from cash collected from taxpayers but not yet allocated to services.

He said: “These surplus funds are invested in short-term ‘Treasury Loans’ for which KCC receives interest of 4% to 5%

see the #KCC for more

#Reform run #KCC has had its ENTIRE Children's services downgraded from outstanding to just good on an Ofstead report released today

This is thoroughly damning judgement.

Regular followers of me will know I am no friend of the Conservative, but this never ever happened whilst they were in power.

https://www.bbc.co.uk/news/articles/c1ev5yv8763o

Kent County Council wants change after Ofsted downgrades child services

The authority's children's services have been lowered from Outstanding to Good after an inspection.

BBC News

Another #Kcc meeting in Faversham descended into chaos as the debate about immigration was interrupted by Harry the fascist and his unpleasant friends

Having said that a motion put forward by Reform was voted down

Details to follow

#kaf
Kent against Facists ! ✊️