Monday, March 9, 2009

City Council Loses nearly £10 million but earns praise?

From today's Cambridge News, "Cambridge City Council won top marks for sound financial management and value for money - despite investing £9 million in Icelandic banks and a potential loss of £618,000 on Cambridge Folk Festival ticket sales."

"If this is sound management, be very afraid," commented Richard Normington. "Perhaps they were comparing the city's leadership to the Treasury under Gordon Brown?" he asked.

9th March 2009

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