Commenting on the £50 million Kent County Council had deposited in now collapsed Icelandic banks, Liberal Democrat Parliamentary Candidate for Folkestone and Hythe, Neil Matthews, commented:
Lib Dem Cheriton Councillor Tim Prater has written to Cabinet Finance Chief David Monk and Finance Director Kathryn Beldon at Shepway Council to ask what investments in Iceland, if any, the District Council has. Tim said:
When a ship is sinking, we must send out the lifeboats, not argue about who steered the ship into the iceberg. At Prime Minister's Question Time yesterday (http://news.bbc.co.uk/1/hi/uk_politics/7659180.stm), I pledged my support for the moves being taken by the Government. Vince Cable and I have been clear that we must do whatever is necessary to halt the downward spiral of the British economy.
It is terrible state of affairs if a politician thinks the opinion of the people they represent is foolish. 1100 people (so far) have decided Cllr Linda Oliver's continuing absence is wrong and have asked her, and her Hythe Town Councillor husband, to stand down. Official figures show Cllr Mrs Oliver is still in receipt of her allowance - about £3500pa!
The Liberal Democrats are urging ministers to clear up the uncertainty"about hundreds of millions of pounds councils invested in Iceland's banks. Kent County Council is reported by the BBC (http://news.bbc.co.uk/1/hi/uk_politics/7659783.stm) to have up to £50m in Iceland-based banks including Landbanksi or Heritable, which was run by Landbanksi.
Liberal Democrat Parliamentary Spokesman for Folkestone & Hythe, Neil Matthews, joined Folkestone Councillors Dhan Gurung, Lynne Beaumont, Tim Prater and Peter Carroll in welcoming the former Prime Minister of Nepal, Sher Bahadur Deuba, to Shepway on Tuesday afternoon.
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