Thursday, October 09, 2008

Iceland

I'm in Brussels for a couple of days visiting the European Parliament as Labour's campaign for the elections in 2009 moves up a gear.  I'll blog more on this when I get back.

Following news in today's press that several councils had large sums tied up in Icelandic banks (which they may not get back) I have checked this morning and can confirm that Darlington Borough Council had no deposits there.

UPDATE

There's some gallows humour on Ebay today (Friday), where someone has put Iceland up for sale.

Badged as a "Unique opportunity to buy a Northern European country" it says that "Iceland will provide the winning bidder with - a habitable environment, Icelandic Horses and admittidly a somewhat sketchy financial situation...PLEASE NOTE: GREENLAND AND Björk ARE NOT INCLUDED IN THIS AUCTION!"

Bidding started at a 99p start price and without reserve, although if you are thinking about it as a Christmas present for one of those relatives who has everything, be warned that this has now risen to £10 million.

7 comments:

Jake W Smith said...

That is good to know,

Thankyou

Anonymous said...

You are just wasting your time. You haven't got a cat in hells chance of getting elected, you should just drop out and concentrate on Haughton West.

If things stay the same as now or get worse I think that the top votes in next years euros will be
1st Place - Conservative
2nd Place - Lib Dem
3rd Place - UKIP
Labour (who won't return a single North East MEP)will fight it out with the Green Party who always do well in Europe for 4th place.

Unless you die or get caught with something illegal on your computer I don't think there will be a by election in Haughton West in 2009.
Unless of course any of the above applies to Councillors Scott/Lyonette which I firmly doubt.

Anonymous said...

You are just wasting your time. You haven't got a cat in hells chance of getting elected, you should just drop out and concentrate on Haughton West.

If things stay the same as now or get worse I think that the top votes in next years euros will be
1st Place - Conservative
2nd Place - Lib Dem
3rd Place - UKIP
Labour (who won't return a single North East MEP)will fight it out with the Green Party who always do well in Europe for 4th place.

Unless you die or get caught with something illegal on your computer I don't think there will be a by election in Haughton West in 2009.
Unless of course any of the above applies to Councillors Scott/Lyonette which I firmly doubt.

Ian White said...

I don't know the full story of the Iceland banks but is it not a bad reflection on our banking system that English Councils are using overseas banks (I assume for a better interest rate).
What will become of the lost Council money no doubt the poor tax payer will lose out again on services.
Good to know DBC are OK.

Anonymous said...

Alan Macnab writes.....

As you have stated Nick the gallows humour has really come to the fore. The best one I heard was what's the difference between a pigeon and a stockbroker? Answer a pigeon can still put a deposit on a Porche.

miketually said...

My favourite joke: What's the capital of Iceland? About £2.50

I believe that councils have a duty to get the best return on their cash and can even be prosecuted for failing to do so.

How many 'British' banks are actually British? HSBC? :)

Anonymous said...

UKIP are finished, Labour will get most votes in this region.

UKIP would do well to beat the BNP next time.