Councils have £900 mln hole due to Iceland banks

The (UK) government acted on Thursday to stop local councils slashing services and raising council tax to cover a hole in their budgets of more than 900 million pounds caused by their investments in failed Icelandic banks.

From Reuters

Advertisements

0 Responses to “Councils have £900 mln hole due to Iceland banks”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s





%d bloggers like this: