Well there you are,I find myself agreeing with you once again.But It's not just councils and police authorities stashing the cash seems charities are at it as well.
I just wonder what other revelations are about to unfold?
Banks!
- Thread starter jambutty
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Well there you are,I find myself agreeing with you once again.But It's not just councils and police authorities stashing the cash seems charities are at it as well.
I just wonder what other revelations are about to unfold?
It seems the government will give some aid to councils in England if they lose money in the icelandic meltdown, however there will be no help for the 8 scotish councils in the same boat, but they are kicking up about it say that the government should also help them as well as thier english counter parts. The Government have said that it is a matter for the scotish parliament to act not westminster, they want their cake and eat, they want home rule, until something goes belly up, then they expect to be bailed out, tough
It will ordinarily affect us majorly, if they dont get the money back councils are offering the ultamatum that if they dont have the money back WE the taxpayers will face an increase in council tax or lose services [that technically we have already paid for!]
Madness!
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.
I suppose if they have some stashed cash they have some security if some emergency crops up. Only like people having savings for the same reason. Maybe the money invested is for large projects that needs the budget spreading over a few years.
Lancashire County Council is down £10 million - anyone know what their total yearly budget is so I can put that into perspective?
Lancashire County Council is down £10 million - anyone know what their total yearly budget is so I can put that into perspective?
Don’t fret yourself Benipete, it won’t last long.
Yes indeed with the RSPCA being the latest revelation. How many others? What about the monarchy? What if Liz has millions in an Icelandic bank? Would we ever be told and more importantly would the government bail her out in secret? Not forgetting the other establishment figures.
This debacle rumbles on and on and Brown is going to bankrupt the UK if he doesn’t start thinking clearly. It may yet come to selling the UK to the highest bidder to get us out of this mess. I just hope that it isn’t a Muslim country that does the buying.
Yes jaysay it does seem as if the chickens have come home to roost in Scotland.
One ‘expert’ on the TV yesterday suggested that every single tax payer in the UK is now indebted to the tune of close on £17,000 and rising daily.
Yes indeed with the RSPCA being the latest revelation. How many others? What about the monarchy? What if Liz has millions in an Icelandic bank? Would we ever be told and more importantly would the government bail her out in secret? Not forgetting the other establishment figures.
This debacle rumbles on and on and Brown is going to bankrupt the UK if he doesn’t start thinking clearly. It may yet come to selling the UK to the highest bidder to get us out of this mess. I just hope that it isn’t a Muslim country that does the buying.
Yes jaysay it does seem as if the chickens have come home to roost in Scotland.
One ‘expert’ on the TV yesterday suggested that every single tax payer in the UK is now indebted to the tune of close on £17,000 and rising daily.
It is one thing having savings for the future but quite another if your kids are starving or going barefoot today.
Councils have several income streams, with Council Tax and rent from property being the main two. Then there are government grants and the ubiquitous parking fines.
Don’t fret yourself Benipete, it won’t last long.Quote;
Seems the charities are owed £125 million now I think some of them are going to suffer. Maybe Great Britain should be renamed Gullible Britain.
I don't need to fret at least not for the next few years I saved up when I was young.
Seems the charities are owed £125 million now I think some of them are going to suffer. Maybe Great Britain should be renamed Gullible Britain.
I don't need to fret at least not for the next few years I saved up when I was young.
But that £125 million was donated by the public thinking that it was going to help the charity to run. How many people are now going to think twice before making further donations?Don’t fret yourself Benipete, it won’t last long.Quote;
Seems the charities are owed £125 million now I think some of them are going to suffer. Maybe Great Britain should be renamed Gullible Britain.
I don't need to fret at least not for the next few years I saved up when I was young.
There’s going to be a lot more tears before bedtime before the coming dawn.
I see the LET is reporting that HBC had a few bob (£10million) on deposit with one of the Icelandic banks but have now shifted the money over to the Micks.The story - typical of the LET - is then rather confusing. It says the decision to move the dosh into Ireland was made at the time of the Northern Rock debacle, yet that was a year ago. Irish government guarantees were only made last week, so the only explanation I can think of is that the funds were one year maturity. In which case, the ratepayers of Hyndburn have been very lucky. Maybe we should all go out and feast on an Icelandic banana in celebration.
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I don't need to think twice or even once since I learned the truth.
True they may not all be the same but they would have to prove that to me personally.I for one am not playing the game.
now it's official..£27 billion given to shore up the banks... banks that have for many years been very happy to issue out letters and overcharge the average man and women for small amounts of debt that is near kin to extortion... were is any apology?..were is any open plan for this type of disaster?...I'm pretty sure the board of directors of any bank/financial company are not to so skink that they will be shopping in LIDL's or Aldis next week.
I have noticed the absence of Accy Web members working for the banks on this site that usually uphold the banking system and structure .. strange ?
I have noticed the absence of Accy Web members working for the banks on this site that usually uphold the banking system and structure .. strange ?
Never a truer word spoken Mancie.
I have been on both sides of the fence as far as banking is concerned. I was ridiculed on here for a mistake my wife made and for that we were charged £30......which we got back.
A business can prosper or fail, but it must have the backing of the bank, if you don't, you might as well forget it. If you want credit from your suppliers, unless the bank give you a good reference you have no chance.
I think this brings home to roost that many of the so called experts in banks have no idea how to run their own business.
I can understand why GB and Darling have taken this path and I hope heads will roll for the almighty cock up that has occured.
Luckily now I am completely debt free, no thank to these nerds.
Ok £37 billion... not to good at maths but I reckon thats knocking on a few hundered quid for each one of the population of this nation... so is my share in the post?.. do I have to transfer oline or do I just pick my dosh up at the now defunct post office?
Just gonna have to go back to the Man Utd Barcelona bashin days RoyDo I detect your Maggie bashing days are over?
I think the total is now more than £500 billion or £18,000 each.
May be wrong but I'm sure someone will know.
