this post was submitted on 02 Feb 2024
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[โ€“] [email protected] 3 points 9 months ago (1 children)

But here's the thing, afaik, those councils were encouraged to make those investments by central government. They may even have been heavily pressured to do so.

Whether there was pressure for any particular investments, I can't easily tell. But I'm fairly certain that if you suggest to local authority administrators who have as much knowledge as anyone else about it, ie fuck all, that to increase your budget you should invest it, they will make terrible investments and it will end in tears.

And this makes everything even more depressing. Why are people who don't understand investments investing so recklessly with our money? I just want decent boring bog standard council services to run well and efficiently.