https://www.bbc.co.uk/news/uk-66340991

Imagine using tax payers money to fund a jet

On an entirely separate note, how is rishi's trip to Scotland?

Your principal is safe and the returns are better than anything with an equivalent risk profile. 

I also have some magic beans if you are interested. 

Tories to blame for this by squeezing local finances to a point where the simpletons running LAs go after this shit. 

Where are the criminal charges for the council lord and offficers?

This is absolutely fvcking appalling and utterly immoral. WTF. 

Agreed. 

Also worth noting this lot were anti-vaccers and anti lockdown 

Their lack of judgement and DD is incredible

Quite why the govt are not stepping in and recovering the assets from this guy only points to one thing - he's a Tory donor 

Also also worth noting that risky is posting here to pretend he isn't taking a shoeing on the cricket threads. Cry more luv.

Local government is the worst

The council has been made effectively bankrupt after investing £655m in Mr Kavanagh's solar farm business.

Why is a local council making private investments that are larger than most sovereign wealth funds'?

Key point in the BBC piece:

The Audit Commission - a spending watchdog that stopped councils taking too many risks - was abolished in 2015.

Please can Labour include restoration of this as a manifesto commitment.

Thanks for risky for bringing this important Tory failure to our attention 

What threeps said. £659 million? In a single investment? Thats fooking mental. Whats their annual budget?

Still it was a solar farm. Probably thought it would sound nice on the election leaflets.

Is this a case of Go woke. Go broke?

Always knew Guy was up to no good.

Don’t know he stole the money, but he’s stealing cookie’s style

The average person working in / elected to local government would struggle to run the office tea fund.

This is what happens when you give them hundreds of millions of pounds to play about with.  

Right wing grifts are pretty lucrative. They don’t mess around.

THIS IS CLEARLY THE WORK OF A LABOUR COUNCIL: WHY OH WHY WON’T SIR BEER TAKE RESPONSIBILITY?!?