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  • "
    Dr Dave wrote:
    Good. Does that mean some of our awful roads might be sorted now?* Plus some of the money could be used to build roundabouts and scrap some of the traffic lights Taunton seems to have! Think of the electric bill saving......
    What Taunton really needs to do is sack everyone in SCC in charge of roads & hire a group with common sense who will ask the locals for their ideas and not treat everyone who criticizies them like a*******s who know nothing, then when everone has put their ideas foreward get the locals to vote on the best idea, thus keeping everyone happy. But alas i'm afraid that we are all stuck with with a bunch of half wits who think once you have a qualification you know everything and surround themselves with people who inflate their egos and treat joe public with utter contempt. Well got that off my chest and feel better now, refering to your comments about spending the £4m the council have got back i think you may find they will say its going to replace their reserves as thats where it came from."
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Icelandic bank repays £4million to Somerset County Council

Icelandic bank repays £4million to Somerset County Council

Icelandic bank repays £4million to Somerset County Council

First published in Somerset by

SOMERSET County Council has received another £4.1million of the total it had invested in Icelandic banks, four years after their collapse.

Glitnir repaid the money to the council, which had deposited almost £25million with the three biggest Icelandic banks when they went under in October 2008.

Since then, the council has regained £13.5million of its losses and expects to recover the vast majority of the cash eventually following a ruling in Iceland's Supreme Court last November.

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