It's nothing to do with being a gloom monger. I just don't believe councils, or indeed government, should be investing taxpayers money in private enterprises. Do you not think it strange the uproar about the government investing taxpayers money in the bank bailouts yet when a council bails out a...
And who pays the Public Works Loans Board loan if the venture fails ? Councils have one purpose in life - to provide essential public services - not to invest in projects that should be privately financed.
Because this was a political folly that highlights how pathetic our local politicians are. They couldn't even get the warning signs when private enterprise refused to back the project. Yet the egos of Kitcat and Theobald meant they did a dirty deal to put taxpayers at financial risk. They were...