Councils want commission to remove 'negligent' tag

摘要

Two councils have taken on the Audit Commission after being branded 'negligent' in the report on the Icelandic banks fiasco.Kent CC and Havering LBC -two of the seven authorities 'named and shamed' by the commission - have called on the watchdog to withdraw the negligent tag.The report, Risk and return, claimed the councils had failed in their duty to taxpayers after investing in the banks after their ratings were downgraded.