Monday, 6 July 2015

Council borrowing blunders exposed by Channel 4 TV

Many of you will have just seen the Channel 4 Dispatches programme which has highlighted the problems with Cornwall Council entering into complex loan arrangements and not understanding the consequences.

On the 17th February 2015 I asked Cornwall Council about the huge amounts of money that had been borrowed, the extraordinary length of time over which the agreements had been made and why I thought there was significant risk to the Cornish taxpayer.

Listen for yourself to what I said at that meeting and judge if I gave Cornwall Council a fair warning that they were taking enormous risks with taxpayers' money.

It takes about 6 minutes.   Thanks


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