funny story today about warrington council refusing to give their auditors the financial information needed to complete their audit*
this is another of those councils who racked up billions of debt secured against future council tax receipts and handed it to people who look like this:
in the latest fiasco, a member of warrington council described a monaco-based hedge fund manager, who recieved tens of millions of pounds of warrington council money (and who blew through it with dodgy SPACs and 2 + 20 fee arrangements), as 'the lionel messi of investing'
now i can quite understand why a bunch of retired policemen and teachers fancy spending their dotage playing investment tycoon with billions of pounds of local council borrowings, i mean it sounds like great fun, but can someone please kindly request that they stop doing it
*of the accounts for the year ended 31 March 2019. they are five years behind schedule.