Frozen assets

SIR, — I am alarmed to read (Herts Advertiser, October 16) that Herts County Council have placed £17 million this summer in Iceland Banks, including £7 million in September 2008. According to a national paper last week, red alarm bells have been ringing l

SIR, - I am alarmed to read (Herts Advertiser, October 16) that Herts County Council have placed £17 million this summer in Iceland Banks, including £7 million in September 2008.

According to a national paper last week, red alarm bells have been ringing loudly over Iceland Banks especially in September.

Herts County Council's reason for their actions was that they were following Government guidelines.

Surely someone in the council has the wit and financial knowledge to do some homework, particularly as so much money is involved.


You may also want to watch:


It reminds me of the story of the boy who was ordered to stand at "his post" on deck of the ship. When fire broke out, he remained rooted to the spot, still following orders.

Of course his superior did not foresee that fire would break out.

Most Read

SARAH HODGE,

Ox Lane, Harpenden.

Become a Supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Become a Supporter
Comments powered by Disqus