[jambutty]

Originally Posted by Bonnyboy

There is a list here at the BBC of Councils affected, with some other bodies also.

Cant see Blackburn or Hyndburn on the list, Burnley Council is but no figure stated as yet, just TBC next to them. Guess it stands for To Be Calculated or something.

I saw the list on Ceefax after my last post and as you say neither Blackburn or Hyndburn was on it. Burnley was down for a mere £1,000,000.

However the real point is, should councils be hoarding money to speculate with, whilst crying poverty all the time, reducing services and increasing the Council Tax by more than the inflation rate?

It might look nice on paper as the interest comes in but the original capital would do much more than some paltry interest year after year.

I wonder how accurately do the Councils ‘books’ reflect the investment? I’ll bet that it will be disguised somehow, like being lumped together with other figures.