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Sunday, 4 December 2011

Icelandic Bank Cash

I posted that Brent Council is likely to recover most of the money that the previous Tory and Liberal Democrat administration lost in Icelandic bank investments.  Unfortunately this cannot be used for ongoing revenue spending as the commenter suggests, and indeed as the Tories and Liberal Democrats also more cynically suggest.  Such lump sums after run out, so you cannot use them for an ongoing expense.

1 comment:

Anonymous said...

Your comments are not clear. Could you explain what you mean? What can the money be used for?

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