TENANTS REJECT STOCK TRANSFER

Swindon Borough Council has received the ballot result from the Electoral Reform Service and it reads as follows:

 Turnout: 66%

Those voting Yes to Stock Transfer: 28%

Those voting No to Stock Transfer: 72%

Following a vigorous campaign by both tenants groups and the Labour Party for a NO vote, tenants have voted by a clear majority to remain with the Council under the new self-financing rules.  The average turnout for housing ballots of this size is 61%, so obviously more tenants than in most housing ballots have come out to reject a stock transfer.

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