Oakham and Rutland Local News

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Saturday, January 29, 2011

Rutland County Council List of Cash Poorly Invested Total £19.6 million

Above is a list of Rutland County Council Cash investments.

The Chief Executive Helen Briggs has said some of this cash is surplus.

I wonder how much? how many millions of public money is surplus.

If Mrs Briggs and her staff invested this money correctly, there would be no need for cuts in services.
The interest alone would cover the cut backs, we were asked to vote for last week.

I took a quick look at my banks webs site, I can open an account with  £1 and receive 2.5% on a instant access on-line account.

Why is Rutland County Council happy to leave this cash in banks like HSBC and Barclays earning nothing?

Its a disgrace.