Sunday, 5 April 2009
What a bizarre comment!
Regular readers will know that Mayor Elect Brian Coleman recently said that Twitter is for twits. Council Leader Mike Freer is an avid Twitterer.
Earlier today, Cllr Freer posted the following message:-
"Select Committee report into Icelandic Deposits - bizarre conclusions. Charities good - compensate. Councils bad - don't compensate!!"
Unlike most charities, councils employ teams of treasury experts to look after taxpayers money. They have access to all manner of financial reports which warn of problems in the markets. Barnet Council has admitted that it ignored clear warnings not to invest in Iceland.
As all Conservatives know, the government does not have any money of its own. It only has what it takes from us in taxes or, in Gordon Brown’s case, what he borrows from our children and grandchildren. It would be manifestly unjust to expect one set of taxpayers to bail out another.
Those people living in Boroughs whose councils were more financially responsible would, quite understandably, be rather annoyed if they were forced to pay more tax just to spare the blushes of a few reckless and irresponsible councils.
The Icelandic Business Minister, Gylfi Magnusson, has already said that councils are unlikely to get all of their money back - which will result in either reduced services or increased tax bills for people living in the affected Boroughs.
Rather than apologise and face the consequences at the ballot box, it seems some councils think that innocent taxpayers should have to pay for their mistakes, and let them off the hook.