Sunday, 30 October 2011

Two bits of good news for Cornwall

There have been two bits of good news for Council taxpayers in Cornwall over the weekend.

The first is that Kent County Council has won its court battle to get back money it invested in Icelandic banks. Many local authorities were caught out by their failure (including Cornwall County Council and Restormel Borough Council). As the successor authority, Cornwall Council has had to set aside money in case it was unable to get the Icelandic money back. Kent's win makes it much more likely that we will get our money back too and this should free up the 'set aside' cash to use for front line services.

The second bit of good news is the report of the decision by the government to implement the Liberal Democrat policy of ending the council tax discount for second home owners. This could provide a welcome boost to Cornwall's coffers to help save front line services currently destined for the axe from the Conservative led administration.

No comments: