Published: Thursday, 16th October, 2008 12:30
FUNDS GONE TO ICELAND!
By Lauren Campbell
Print Article
COUNCIL leader David O’Neill has claimed the loss of £15 million from the £400 million council budget isn’t the end of the world.
North Ayrshire Council were one of the worst-hit local authorities last week after the Icelandic banks crisis.
It was revealed that NAC had deposits in crisis-hit Landsbanki (£5m) and Glitner Bank (£10m).
However, Cllr O’Neill is urging people not to panic amid rumours in the national press of council tax increases and staff cuts.
FOR MORE SEE THIS WEEK'S HERALD
Del.icio.us
Digg
Facebook
Reddit
Stumbleupon
NEW UFO SIGHTING