Councils

[moorfield]

Can anyone explain to me why councils are hoarding up money in Icelandic banks and not spending it on public services?? If there is a surplus simply charge us less tax!

Many of these councils were approached by those clever sales chappies at said Icelandic banks offering generous terms.

With regards to budget surpluses, if you have a retained profit in your ltdco would you volunteer to take a rate cut from your client for the next 6 monther? Of course you wouldn't.

[Paddy]

Many of these councils were approached by those clever sales chappies at said Icelandic banks offering generous terms.

With regards to budget surpluses, if you have a retained profit in your ltdco would you volunteer to take a rate cut from your client for the next 6 monther? Of course you wouldn't.

generous terms = back-handers

TELEGRAPH 26.2.08
£1 trillion cost of public pensions
By Andrew Porter

Public sector pensions are set to cost taxpayers £1,025 billion - or £40,000 for every household over the next 20 years - according to figures released today.

[Sysman]

Err no, majority does not go on public services. Majority goes on staff salaries and pensions. The collection and administration swallows up the majority of CT.

The council who was a customer 20 years ago was getting to the stage then where pensions were costing more than salaries.

[TimberWolf]

http://www.thedailymash.co.uk/news/w...-200810101314/

Mr Cook is now demanding £1bn of taxpayers' money in compensation for losing £1bn of taxpayers' money.