North Lincolnshire Council banking on Barclays switch to making savings (updated)
North Lincolnshire Council - with a multi-million pound budget - is changing to banking with Barclays.
The council had been served by the National Westminster Bank since 1996, but that contract ended in March this year.
Tenders to handle the council's account were "evaluated on cost and quality" and Barclays accepted, being the lowest cost compliant tender and also demonstrating the highest quality.
The council receives more than £420 million in income, which generates around 55,000 banking transactions.
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The local authority says that entering into a five-year banking contract with Barclay's will save £30,000.
A council spokesman added: ""Due to the current banking contract coming to an end in March 2012, the council is currently in the process of changing the bank account from Natwest to Barclays Bank.
"Tenders to handle the council's account were evaluated on cost and quality and Barclays was accepted, being the lowest cost compliant tender and also demonstrating the highest quality.
"Phased implementation of the change will occur from 30 May 2012 with full implementation anticipated by 1 July 2012.
"The council will be contacting those directly affected by the banking change from mid May through to June."
The council looks set to waste not time in trying to sell off the former Register Office premises in Scunthorpe.
This service has just been moved to newly-created facilities at the Civic Centre, off Ashby Road.
And unless some function within the council comes up with a worthwhile alternative use for 92 Oswald Road, it will be sold off.
That course of action has been approved by Deputy Leader Councillor John Briggs, who oversees asset and estate management.
In addition to the registrar's section, 92 Oswald Road also housed health, welfare and safety staff, who are moving base to Hewson House in Brigg.
Comments
by dellboy1959
Wednesday, October 10 2012, 10:36AM
“I think it's about time your header came off the front page now Nigel.”
by buffering
Tuesday, September 04 2012, 8:54PM
“"92 Oswald Road also housed health, welfare and safety staff, who are moving base to Hewson House in Brigg"
.......................................................
Here we go again, same old story with Liz and her chums selling off Scunthorpe to put more jobs and more money into Brigg. Dare say that the Barclays account will also be service in Brigg. Before we know it they'll be coming up with some Cock-and-Bull story about Pitwood house being unsafe and needs rebuilding in Brigg or Epworth.....”
by englander61
Wednesday, July 04 2012, 1:35PM
“Due to recent events is this a wise move , out the frying pan and into the fire .”
by forberny
Tuesday, June 19 2012, 10:12PM
“How much interest will Barclays be paying on 'our' investments, or will it go into the greedy bankers bonus's?”
by AndrewCappEsq
Thursday, May 03 2012, 6:40AM
“@ ricardo121 Well one reportedly 'advising' local councils to grab the higher Icelandic interest rates was that venerable, unelected Labour Party Leader AND Prime Minister and one time reputed Iron (Age) Chancellor; Gordon - no more boom and bust - Clown!
Never to be seen or heard of since! Cannot imagine the reasons why?! ;)”
by ricardo121
Wednesday, May 02 2012, 8:13PM
“i remember a reading a few years ago how good it would be to invest in iceland who said it?”
by Bill_Igerent
Wednesday, May 02 2012, 11:41AM
“Just so long as they aren't risking £millions with branches of any more of Reykjavik's based banking outfits!? That will do me! ;)”
by SammyTheSnake
Wednesday, May 02 2012, 8:58AM
“He doesn't use his eyes, it's his 6th sense.”
by Nigel_F
Wednesday, May 02 2012, 8:08AM
“Impressive, Hazzers. Very impressive. Not much escapes your watchful eye!”
by Hazzers
Wednesday, May 02 2012, 7:56AM
“I can see you reflection in that picture Nige!”