Jump to content

Frozen Assets


Recommended Posts

My local Council, East Staffordshire Borough, is one of the local autorities which invested in beleaguered Icelandic banks.

 

Westminster City Council has deposits totalling £17 million in two Icelandic banks while Kent County Council confirmed it has a whopping £50 million deposited.

 

Elsewhere, Transport for London says it has £40 million deposited with Kaupthing Singer & Friedlander, which has been placed into administration.

 

The Metropolitan Police Authority says it has £30 million invested, while Sussex Police Authority has £6.8 million, West Yorkshire Police Authority has £6 million and Dorset Police Authority has £7 million.

 

The LGA is expected to release a list of all councils exposed. So far local authorities affected include:

 

Barnet Council in north London (£27m)

Breckland council (£12m)

Brent Council in northwest London (£15m)

Bristol City Council (£8m)

Bromley Council (£5m)

Buckinghamshire (£5m)

Burnley Borough Council (£1m)

Caerphilly County Borough Council (£15m)

Ceredigion County Council (£5.5m)

Cheltenham Borough Council (£11m)

Cheshire County Council (£8.5m)

Chorley Borough Council (£2m)

Cornwall County Council (£5m)

Cotswold District Council £2m)

Doncaster Council (£3m)

Dorset County Council (£28.1m)

East Staffordshire Borough Council (£1m)

Exeter City Council (£5m)

Flintshire County Council (£3.7m)

Gateshead Council (£4.5m)

Gloucestershire County Council (£12m)

Gwynedd Council (£4m)

Gloucester City Council (£2m)

Havering in east London (£12.5m)

Hillingdon Council in west London (£20m)

Ipswich council (£5m)

Kirklees Council (£1m)

Lewes District Council in East Sussex (£1m)

Monmouthshire County Council (£1.2m)

Moray Council (£2m)

Norfolk County Council (£32.5m)

North Lincolnshire Council (£5.5m)

North East Lincolnshire Council (£2.5m)

Northumberland County Council (£23m)

Nottingham City Council (£41.6m

Nuneaton and Bedworth Borough Council (£3m)

Perth and Kinross Council (£1m)

Peterborough (3m)

Plymouth City Council (£13 million)

Powys County Council (£4m)

Purbeck District Council (£1m)

Redcar and Cleveland Council (£10m)

Rhondda Cynon Taf County Borough Council (£3m)

Rotherham Borough Council (£3.7m)

Solihull Metropolitan Borough Council (£3m)

Somerset County Council (£25m)

South Ayrshire (£5m)

South Lanarkshire (£7.5m)

Stroud District Council (£3m)

Sutton in south London (£5.5m)

Tewkesbury Borough Council (£1m)

Wakefield Council (£9m)

West Sussex County Council (£12.9m)

Wirral Council in Merseyside £2m bond)

Wiltshire County Council (£8m)

Wychavon District Council, in Worcestershire, (1.5m)

Wyre Forest District Council (£9m)

 

Other councils include Haringey in north London, Bromley in Kent, Tamworth Borough Council and Ipswich Borough Council.

 

 

Thought for the day: If you freeze the assets of Icebank do you get a glacier mint?

Edited by Diego_Sideburns
Link to comment
Share on other sites

My local Council, East Staffordshire Borough, is one of the local autorities which invested in beleaguered Icelandic banks.

 

Westminster City Council has deposits totalling £17 million in two Icelandic banks while Kent County Council confirmed it has a whopping £50 million deposited.

 

Elsewhere, Transport for London says it has £40 million deposited with Kaupthing Singer & Friedlander, which has been placed into administration.

 

The Metropolitan Police Authority says it has £30 million invested, while Sussex Police Authority has £6.8 million, West Yorkshire Police Authority has £6 million and Dorset Police Authority has £7 million.

 

The LGA is expected to release a list of all councils exposed. So far local authorities affected include:

 

Barnet Council in north London (£27m)

Breckland council (£12m)

Brent Council in northwest London (£15m)

Bristol City Council (£8m)

Bromley Council (£5m)

Buckinghamshire (£5m)

Burnley Borough Council (£1m)

Caerphilly County Borough Council (£15m)

Ceredigion County Council (£5.5m)

Cheltenham Borough Council (£11m)

Cheshire County Council (£8.5m)

Chorley Borough Council (£2m)

Cornwall County Council (£5m)

Cotswold District Council £2m)

Doncaster Council (£3m)

Dorset County Council (£28.1m)

East Staffordshire Borough Council (£1m)

Exeter City Council (£5m)

Flintshire County Council (£3.7m)

Gateshead Council (£4.5m)

Gloucestershire County Council (£12m)

Gwynedd Council (£4m)

Gloucester City Council (£2m)

Havering in east London (£12.5m)

Hillingdon Council in west London (£20m)

Ipswich council (£5m)

Kirklees Council (£1m)

Lewes District Council in East Sussex (£1m)

Monmouthshire County Council (£1.2m)

Moray Council (£2m)

Norfolk County Council (£32.5m)

North Lincolnshire Council (£5.5m)

North East Lincolnshire Council (£2.5m)

Northumberland County Council (£23m)

Nottingham City Council (£41.6m

Nuneaton and Bedworth Borough Council (£3m)

Perth and Kinross Council (£1m)

Peterborough (3m)

Plymouth City Council (£13 million)

Powys County Council (£4m)

Purbeck District Council (£1m)

Redcar and Cleveland Council (£10m)

Rhondda Cynon Taf County Borough Council (£3m)

Rotherham Borough Council (£3.7m)

Solihull Metropolitan Borough Council (£3m)

Somerset County Council (£25m)

South Ayrshire (£5m)

South Lanarkshire (£7.5m)

Stroud District Council (£3m)

Sutton in south London (£5.5m)

Tewkesbury Borough Council (£1m)

Wakefield Council (£9m)

West Sussex County Council (£12.9m)

Wirral Council in Merseyside £2m bond)

Wiltshire County Council (£8m)

Wychavon District Council, in Worcestershire, (1.5m)

Wyre Forest District Council (£9m)

 

Other councils include Haringey in north London, Bromley in Kent, Tamworth Borough Council and Ipswich Borough Council.

Thought for the day: If you freeze the assets of Icebank do you get a glacier mint?

 

Are you sure this isn't a list of the Council brothers on Man Citys shopping list ..... :blink:

Link to comment
Share on other sites

I thought this was going to be a thread about the day Diego forgot to wear his thermal underpants to three-sided Boundary Park

 

Always make sure I don't forget them! I have been told that if you ever let your assets get frozen, you are no longer able to make deposits on your sheets, even with laundered money.

Link to comment
Share on other sites

Always make sure I don't forget them! I have been told that if you ever let your assets get frozen, you are no longer able to make deposits on your sheets, even with laundered money.

if that ever happens (frozen assets ) you should go watch tennis , as every set the umpire shouts ""new balls please " he might have a spare set for you

Link to comment
Share on other sites

There we are joking about avoiding freezing our 'assets' (while checking them as advised by leeslover), and then comes the bad news that Christie NHS Foundation Trust is affected to the tune of £7.5million - £6.5 million made up of charity donations and the remainder from the NHS.

I am very much the rate tart, but as long ago as March the stuff I was reading about Icelandic banks had me avoiding them, despite impressive interest rates.

 

I do find it slightly disturbing that councils, healthcare trusts, police forces, charities etc handling a damn site more than my piffling savings have no financial nouse.

 

I also find it extraordinary that these organisations, that spend our taxes and donations, and are always crying poverty, have over £1bn stuck away in a remote corner of the North Atlantic and can then say "it's ok, we've got other money and this is only a tiny sum". Perhaps it's time for our councils (nationally) to spend less and cut council taxes significantly if they have these sums tucked away.

 

While sympathetic to the plight of the charities, I do think their finance people should have been more on the ball.

 

No sympathy at all for the state machinery to cock up things in such a big way though. At our expense.

Link to comment
Share on other sites

Guest sheridans_world
There we are joking about avoiding freezing our 'assets' (while checking them as advised by leeslover), and then comes the bad news that Christie NHS Foundation Trust is affected to the tune of £7.5million - £6.5 million made up of charity donations and the remainder from the NHS.

We'll get it back

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...