Is there no end to the number of public and not-for-profit bodies that appear to have been caught up in the Icelandic banking fiasco?
Sky News were persistent in their questioning of council leaders as to whether the Icelandic banks were the right place for councils to place funds. A more pertinent question might be why these councils have so much of our money in the first place.
Reports have suggested that between some £700m and £1bn of council money invested in Iceland banks is potentially at risk. We have been reassured that this only represents a small portion of their total funds... so just how much do these councils have on deposit?
Taxing banks. Is this an easy option?
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Banks may not escape the rush to find new taxes. I set out the options and
the dangers, as I strongly urge the Chancellor to cut the deficit by
spending l...
6 hours ago
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