Council should tread warily on Iceland dividend offer (From East London and West Essex Guardian Series)

Council should tread warily on Iceland dividend offer

4:19pm Wednesday 5th November 2008 in Epping Forest

TODAY Iceland are offering 18 per cent interest to investors in a last ditch attempt to attract foreign currency.

That siren song will, I fear, prove irresistible to our cabinet member for finance Chris Whitbread who has already lost £2.5million of our council tax money.

I sincerely hope the crew of the good ship Epping Forest District Council lash ‘Ulysses’ Whitbread tightly to the mast until perfidious Iceland sinks beneath the waves.

William Long, Lushes Road, Loughton.