Cllr. Paul Douglas

The East London Credit Union’s collapse: major new revelations, and the bad odour intensifies UPDATED

November 27, 2019 Cllr. Paul Douglas, East London Credit Union

As previous posts (referenced below) have pointed out, the collapse into administration on 11 September 2019 of that longstanding LBWF favourite, the East London Credit Union (ELCU), has left many questions unanswered. Gradually however, new information is trickling out, and some of it, to say the least, is both startling and deeply worrying, particularly about what has been going on in the Town H... »

Cllr. Paul Douglas and the East London Credit Union: confusion reigns

October 17, 2019 Cllr. Paul Douglas, East London Credit Union

As a previous post pointed out (see link below), the demise of LBWF’s beloved East London Credit Union (ELCU) throws up a number of as yet unanswered questions. Some recent correspondence adds to the confusion. On 26 September 2019, I wrote to LBWF’s Director of Governance and Law, Mark Hynes, as follows: ‘Dear. Mr. Hynes, As of today, Cllr. Paul Douglas’s register of inter... »

The East London Credit Union crashes into administration, leaving several important questions unanswered

October 8, 2019 Cllr. Paul Douglas, East London Credit Union, Past failures: O-Regen, Stella Creasy MP, the Labour Party in Waltham Forest

On 11 September 2019, the East London Credit Union (ELCU), trading as the Waltham Forest Community Credit Union, collapsed into administration. Simultaneously, the UK Financial Services Compensation Scheme announced that it was stepping in to safeguard ELCU’s 5,500 members’ deposits, valued at £2.25m, and most could expect like-for-like payment within a week. The administrator, LBWF, and the East ... »

The £40,000 Cann Hall side-wall ‘artwork’ is cancelled, artists Mathew Raw and Abigail Holsborough depart the scene, and LBWF scrambles for excuses – its a big victory for local residents

February 6, 2019 Cllr. Keith Rayner, Cllr. Paul Douglas, Cllr.Patrick Edwards, Cllr.Sally Littlejohn, LBWF spin, Redevelopment, the Labour Party in Waltham Forest

As the linked posts (below) describe in some detail, for the past few months, and as part of its Making Places programme, LBWF has been intent on putting an ‘artwork’ made of tiles and costing an extraordinary £40,000, on the dilapidated side-wall of a private property in Cann Hall Rd. – a private property that coincidentally happens to be owned by a prominent family of Labour supporte... »