Summary
South Hams Council has been forced to order a major review over the way it invests tens of millions of pounds worth of taxpayers' cash every day following the Icelandic banking disaster which has left it facing a loss of up to pounds1.25million.
Meanwhile, the council is continuing with its policy of investing council cash in banks around the world, because the alternative would leave local householders stuck with a monster 10 per cent increase in council tax bills.See the full content of this document
Extract
Major Review Amid Fears for Pounds1.25m
Councillors have been assured that the loss of the cash would be manageable and there is no question...
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