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 Midlothian Council cash shortfall

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Wen



Number of posts : 58
Registration date : 2007-08-26

PostSubject: Midlothian Council cash shortfall   Tue Feb 17, 2009 3:03 pm

I saw a headline in the Advertiser about cuts in services because of a cash shortfall of Midlothian Council. Does anyone have details? (For instance, lots of councils had money in the Icelandic banks and lost a lot of money. Was Midlothian one of them?)
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SueDOnym



Number of posts : 74
Registration date : 2007-08-22

PostSubject: Re: Midlothian Council cash shortfall   Tue Feb 17, 2009 5:07 pm

I could be wrong, but I seem to remember reading something in the Advertiser when the whole Icelandic bank story broke that Midlothian Council had no involvement in that at all.
According to this:
http://news.bbc.co.uk/1/hi/scotland/7662665.stm

seven Scottish councils had investments in the Icelandic banks, but NOT Midlothian.
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SamTyler

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Number of posts : 929
Registration date : 2008-03-17

PostSubject: Re: Midlothian Council cash shortfall   Tue Feb 17, 2009 7:26 pm

Plenty about this in the Advertiser (though very little hard facts - the cooncil don't want us to know how much of a mess they made!)

See:

http://www.midlothianadvertiser.co.uk/news/What-doesnt-Midlothian-Council-want.4973919.jp

AND

http://www.midlothianadvertiser.co.uk/news/Ex-leader-accuses-Midlothian-Council.4973866.jp

When a Labour former leader of the cooncil is slagging them off, you know that things must be bad. I look forward to them employing some former RBS / HBOS executives to resolve the difficulties!
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