risk Tag

Government Steps In Over Failing Council

The Government will intervene in a local authority after a report identified a series of severe failings, Communities Secretary John Denham said today. The Audit Commission report on Doncaster Council, in South Yorkshire, was ordered after a series of crises at the local authority, including the shocking case of two brothers who were in the [...]

Council was aware about Icelandic bank risk

Caerphilly Council was warned by its financial advisers that £15million of Council Taxpayers money invested in an Icelandic bank was at risk months before the collapse of the bank. In May 2008, Sector, who were treasury management experts for the Council advised them that Landsbanki could lose its ‘A’ credit rating and therefore possibly downgrade [...]