Quote:
Originally Posted by polly
I think we need to think about the ethics of BRITISh councils investing in foreign banks
Maybe if they had kept their money in the country of origin UK banking would have been stronger.
The reason for foreign investment is clearly to earn a few extra bob in interest but as we have seen investment is always a gamble and gambling is always risky especially in a foreign market.
As someone who pays council tax in this country I would like to see my money stay in the country
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Yes polly thats all well and good but councils are advised by HMG to invest in places like Iceland to get the best return on their money, your damned if you do and damned if you don't