This (Cameron protest)
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 Stuk  Top half 13 Apr 16 4.52pm |
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Originally posted by jamiemartin721
That's my problem with the idea of investing it in the first place, that it becomes seen as a means of generating revenue, rather than covering necessities of the community and its functionality. Increasingly, I suspect, councils see such reserves as theirs rather than ours, and it becomes used to fund issues of the councils financial future, rather than being about fulfilment of required services. If they're banking 10% I want a reduction in my council tax, not them using it to fund profitability of corporate entities, to which by default of holding investments in, they have an bias towards. They do, and said as much during the Icelandic bank debacle that half of them were caught up in.
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| jamiemartin721 Reading 13 Apr 16 5.02pm |
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Originally posted by Stuk
They do, and said as much during the Icelandic bank debacle that half of them were caught up in. F**kers, the lot of them. Ours does, and yet we have absolutely no hostels for the homeless.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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| Stuk Top half 13 Apr 16 5.13pm |
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Originally posted by jamiemartin721
F**kers, the lot of them. Ours does, and yet we have absolutely no hostels for the homeless. Kent County Council alone has £50m in Iceland-based banks. Westminster City Council revealed it had deposits totalling £17m. Sutton Council in south London confirmed it had exposure totalling £5.5m, and Havering Council in east London said it had investments worth £12.5m. North Lincolnshire Council has £2m invested with Landsbanki and £3.5m in the firm's UK bank, Heritable. North East Lincolnshire Council said it had £2.5m on deposit with Landsbanki. Hertfordshire County Council has £17m invested, while Buckinghamshire has £5m - the same sum as Cornwall County Council. At least one London council that had banked £40m, another one in the South East which had a £30m deposit and others with £20m or £25m.
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