[jambutty]

Originally Posted by Bonnyboy

I see 20 or more of our Councils have cash stashed in Icelandic bank accounts, pity the link doesn’t list them - Councils’ Iceland deposit fears

At the last count it was £860,000,000 spread amongst 100 councils and the police.

So our councils have enough ‘spare’ cash to dump in banks to earn some interest, yet year after year council tax goes up by a few percent over inflation and services get cut.

Ever been taken for a ride?

I wonder if Blackburn is one of those with oodles of ‘spare’ cash in an Icelandic bank, or any other bank for that matter.

This financial crisis is bringing out some facts that I, for one, didn’t know about.

Shouldn’t the councils be using that money to provide the services that we deserve instead of hoarding it to gain a bit of interest? What is that interest spent on? Senior officers salary increases perhaps?