Tuesday, 22 February 2011

Council's £100m Banking on Essex scheme set for axe

The first council-branded bank to be established in more than 30 years is due to be closed less than two years after it was established.

However, the initiative lent just £535,000 and cost £386,000 to establish.

My comment: Typical of public sector involvement in anything. 

Read the full story from the source  The Telegraph

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