Summary
Following on from the release of the Audit Commission's damning report into North East Lincolnshire Council's Icelandic bank investments, yesterday we asked questions - as any council taxpayer would - in light of the latest scathing criticism. Several of the questions were answered, with the remaining put to the council. Here are their answers:
Why did councillors, in particular council leaders, have no knowledge of what was happening?See the full content of this document
Extract
Council Answers Our Remaining Questions
Former portfolio holder for finance Coun Tony McCabe: "It is not the role of councillors to tell officers into which banks money should be invested. That is going back to the 19th Century."
The Chief ...See the full content of this document
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