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lifes getting hard with all the cuts

pierre_pierre
Grafter
Posts: 19,757
Registered: 30-07-2007

lifes getting hard with all the cuts

http://www.bbc.co.uk/news/uk-12464386 - photographs in London

and another breaking news
A housing association based in the Colchester garrison has just gone into voluntary liquidation, there appears to be a lot of soldiers well out of pocket, to the tune of £40 000
Bob Russel the Lib MP for Colchester has just been on BBC Essex talking about the problem
5 REPLIES
pierre_pierre
Grafter
Posts: 19,757
Registered: 30-07-2007

Re: lifes getting hard with all the cuts

link to Blue Force Group housing failure  http://www.dailymail.co.uk/news/article-1356488/Afghanistan-troops-lose-thousands-1-5m-property-firm...
Quote
Soldiers currently serving in Afghanistan are among the troops who face losing more than £1.5 million after the collapse of two companies set up with the backing of the Ministry of Defence to help them buy homes.
Blue Force Property and Blue Force Services went into liquidation while holding about 350 accounts on behalf of soldiers posted overseas with an average deposit of £4,000 each.
The troops now have little chance of recouping their money.
Read more: http://www.dailymail.co.uk/news/article-1356488/Afghanistan-troops-lose-thousands-1-5m-property-firm...
nadger
Rising Star
Posts: 4,498
Thanks: 46
Registered: 13-04-2007

Re: lifes getting hard with all the cuts

It's a wonder that we've got an Army with the way they are getting treated  Angry
Midnight_Caller
Rising Star
Posts: 4,143
Thanks: 7
Fixes: 1
Registered: 15-04-2007

Re: lifes getting hard with all the cuts

It's a wonder that we have a British Army Navy and Air Force left with the way they are getting treated.   Angry
gswindale
Grafter
Posts: 942
Registered: 05-04-2007

Re: lifes getting hard with all the cuts

Hmmm,
As far as I am concerned those soliders should have nothing to worry about reading that article.
Quote
A property management account was established by Blue Force for each soldier where all incoming money from rent and outgoings such as mortgage payments and insurance fees were processed. Balances ranged between £1,000 and £11,000 in credit.

Those accounts are effectively client accounts and should not be used for any purpose other than making payments on behalf of each individual soldier.  The money is held in trust and can not be used for company purposes.
If the basic principle of property management has not been followed by a Government backed company then serious questions need to be asked of the individuals running said company.
Community Veteran
Posts: 1,850
Registered: 11-08-2007

Re: lifes getting hard with all the cuts

you can bet your sweet life the government won't be bailing them out - they ain't banks.