Launched in April/May 2009, idaventry is a community driven local news and features site with strong editorial comment. I invited publisher Dave Raven to write a guest post for OJB on their latest campaign regarding Daventry Council’s investments in Icelandic banks.

I’m grateful for the opportunity to be writing this guest post, since there will be few occasions when a local community website such as iDaventry.com can speak off-topic about an international event.

The reason is Daventry District Council’s investment fiasco, locking up £8 million of ratepayer’s cash in the four Icelandic banks that crashed so spectacularly last October.

This June a Parliamentary select committee the CLG, concluded Local Governments were badly advised by external treasury management advisers. So that’s alright then – it’s not the Council’s fault. Continue reading →