Saturday 19 March 2011 10.17am
Just in case anyone has read the final issue of Lambeth Council
's answer to Pravda, the statement that "without Lambeth Life...local taxpayers will pay more" is not true.
Figures released by the council under the Freedom of Information Act show that Lambeth spent £549,513 on the paper. Income from external advertising was £209,604, and the estimated value of council statutory advertising was £81,180.
As only statutory advertising will be needed in future, that means local taxpayers will save £258,729 - very good news as it can go towards cushioning the impact of council spending reductions.
It also means more than £200,000 of commercial advertising can go towards supporting our excellent local media (such as this website and the South London Press) which - unlike Lambeth Life - freely and fairly report, and question where necessary, the council's work.
Farewell Lambeth Life, and good riddance.