Quote:

---

As detailed in the Environment Agency’s Code of Conduct, we as an And furthermore, have the EA considered mortgaging the said properties to raise capital, rather than actually selling them, on the basis ongoing rental revenue would pay the mortgages off?

---

No government, agency, department, whatever understands the difference between Capital and Income, as in "Capital is what you use to generate income". Everything is treated on a "now" basis - as in "I'm doing it now, asterisk next year".

So having funds of £x000,000 this year will earn them more brownie points than £x,000 of income for this year, and the next, and the next....

Anyway, get rid of houses,
staff leave,
New staff won't want to work for EA's pittance,
Staff shortage,
Oh, dear, can't recruit,
Sorry chaps you'll have to wind the locks yourself.

On a similar tack; sorry Your Majesty's Castle is flooded, ( ) our staff no longer live near the weirs, and the team couldn't get there because the river is in flood - Elf'n Safety you understand.
Tough titty, Reading, Maidenhead, Windsor, we haven't got the funds.......

Overstatement?, I wonder.

Post Extras