At last Thursday’s Council meeting, Wokingham Liberal Democrats were astonished by the Conservative-
Cllr Prue Bray, the leader of the Liberal Democrats on Wokingham Borough Council, said: ‘The Liberal Democrats believe the Conservatives are being over-
‘The Council has suggested that eventually payments from Heritable will amount to as much as 85p in the pound. The latest estimates I have seen from the Local Government Association suggest this to be a bit less – 65p to 78p in the pound. Let’s hope the Executive Member for Council Budget’s optimism is borne out by events.
‘David Lee, the Leader of the Council, previously said that the Council’s priorities would not be affected if the money it had invested in Iceland was lost. The Council is about to embark upon cuts to services as a result of the current financial situation. These would not have had to be anything like so deep had all the Icelandic money been available.’