It's not exactly a story of global financial interest to the G20 but tonight, the ATM in Westgate is reportedly repaired after over a week of calls, visits to the Nationwide Building Society and letters to Roger Gale MP seeking support.
My thanks to Cllr Latchford who has been making his presence felt at the building society in Margate High Street and Cllr King who has been vociferous in his calls for a second ATM.
As I mentioned in an earlier 'Blog', I did try to convince the Chairman of the Bank of England and others, last summer that Westgate had a cash-flow problem and desperately needed at least one reliable cash-point. However, I suspect the domestic banking system has other problems to deal, first of which being their own equally desperate need for £billions of our own money to keep them solvent.
Anyway, we are trying again although I'm not particularly optimistic that they will listen; after all if they don't listen to the Government, I'm not sure how much attention a couple of local councillors will get.
I have however written to our MP Roger Gale and asked if he might be able to use his contacts to help move our request further-up the financial food chain. It's not good for the local population and traders to be without a convenient source of cash at any time and with no banks in Westgate anymore, the very least we deserve are two cashpoints with a ready supply of money.
A little quantitative easing is required please!
Roger Gale tells me that the machine was fixed two days ago but almost immediatly tampered with again Apparently there is a criminal gang attempting to compromise ATMs in Thanet. Reportedly, been hit twice. So long it will remain working for in the circumstances is anyone's guess!