Now we all know that local politics is no longer run by Councillors, but by over paid Chief Executives who wheel and deal with the money they get from Central Government, your locally raised taxes, and any fines they can get away with. But the Councillors are responsible, but alas no longer accountable.

With that in mind, which Party would you consider is the most prudent with your money.

From the list of councils that have lost money in the Icelandic banks, we have added their political make up.

Where £1 Bn went by Political Party

Kent County Council £50 million Conservative
Nottingham City Council £42 million Labour
Norfolk County Council £32.5 million Conservative
Dorset County Council £28.1 million Conservative
Hertfordshire £28 million Conservative
Barnet Council £27 million Conservative
Somerset County Council £25 million Liberal Democrat
Northumberland County Council £23 million Labour
Surrey County Council £20 million Conservative
Hillingdon Council £20 million Conservative
Neath Port Talbot Council £20 million Labour
Westminster Council £17 million Conservative
Brent £15 million Liberal Democrat/Conservative
Caerphilly County Council £15 million. NOC
North Ayrshire £15 million FOI request
Plymouth City Council £13 million Conservative
Havering Council £12.5 million Conservative
South Hams £12.5 million Conservative
West Sussex £12.9 million Conservative
Breckland Council £12 million Conservative
Gloucestershire County Council £12 million Conservative
Cheltenham Borough Council £11 million NOC
Lancashire County Council £10 million Labour
Scottish Borders Council £10m ???
Cambridge City Council £9 million Liberal Democrat
Wakefield £9 million Labour
West Oxfordshire DistrictCouncil£9 million Conservative
Wyre Forest District Council £9 million Conservative
Cheshire County Council £8.5 million NOC
Bassetlaw District Council £8 million Conservative
Bristol City Council £8 million NOC
Daventry District Council £8 million Conservative
Wiltshire County Council £8 million Conservative
South Lanarkshire Council £7.5 million Scottish Labour
Derwentside District Council £7 million Labour
North East Lincolnshire Council £7 million NOC
West Lindsey District Council £7 million Conservative
Cherwell District Council £6.5 million Conservative
Redcar and Cleveland Council £6 million NOC
Lancaster City Council £6 million NOC
Canterbury City Council £6 million Conservative
Ceredigion £5.5 million Plaid Cymru
North Lincolnshire Council £5.5 million Labour
Sutton Council £5.5 million Liberal Democrat
Bracknell Forest £5 million Conservative
Bromley Borough Council £5 million Conservative
Buckinghamshire County Council £5 million Conservative
Stoke on Trent £5 million NOC
Braintree District £5 million Conservative
Cornwall County Council £5 million Liberal Democrat
Exeter City Council £5 million NOC
Ipswich Borough Council £5 million NOC
Oxfordshire County Council £5 million Conservative
South Ayrshire £5 million Scottish Conservative
South Ribble £5 million Conservative
Wokingham Borough Council £5 million Conservative
Gateshead Council £4.5 million Labour
Oxford City Council £4.5 million NOC
Colchester Borough Council £4 million NOC
East Lindsey District Council £4 million NOC
East Staffordshire Council £4 million Conservative
North Wiltshire DC £4 million Conservative
Powys Council £4 million Independent
Restormel Borough Council £4 million NOC
Rotherham Council £3.8 million Labour
Flintshire Council £3.7 million NOC
Aylesbury District Council £3 million Conservative
East Ayrshire £3 million NOC
North Somerset £3 million Conservative
Doncaster Council £3 million NOC
Nuneaton and Bedworth £3 million Conservative
Peterborough City Council £3 million Conservative
Rhondda Cynon Taff Council £3 million Labour
Solihull Council £3 million Conservative
Stroud £3 million Conservative
Slough Council £2.5 million Labour
South Oxfordshire DC £2.5 million Conservative
Wycombe District Council £2.5 million Conservative
Cotswold District Council £2 million Conservative
Gloucester City Council £2 million NOC
Great Yarmouth £2 million Conservative
Moray Council £2 million ???
Newark and Sherwood DC £2 million Conservative
South Ham District Council £1.25 million Conservative
Monmouthshire Council £1.2 million Conservative
Mid Devon £1.1 million NOC
Charnwood Borough Council £1 million Conservative
Dover District Council £1 million Conservative
Bridgend Council £1 million NOC
Bridgenorth £1 million NOC
Hertsmere Borough Council £1 million Conservative
Kirklees Council £1 million NOC
Perth and Kinross Council £1 million SNP
Tewkesbury Council £1 million NOC
Vale of White Horse DC £1 million Liberal Democrat
Winchester £1 million Conservative
Sevenoaks District Council £1 million Conservative
Tonbridge and Malling BC £1 million Conservative
Lewes District Council £1 million Liberal Democrat
Burnley Council TBC Liberal Democrat
Chorley Council TBC Conservative
Wychavon District Council TBC Conservative

No wonder the political classes are not raising this as a party political issue they were all at it, the loss of £1Bn of our money, nobody is responsible, nobody was reckless the rules said High Liquidity and High Security in specified investments, these loans were nothing of the sort.

This all stems from when the Treasury under Brown in April 2004 'deregulated' LA's to speculate our money where they thought there was the best return. Obviously they did not understand the concept of liquidity and security.

Yes, thats right. Prudence Brown's government advice to Local Authorities was to be creative with off balance sheet deals. The very same thing he now blames the Banks for.

Remember this when they come for your vote, you may just as well tear up tenners in the Street. What truly gets me is that they have the legal power to coerce you to part with your money, so they can gamble with it !

When will we see Local Authority Chief Executives getting fired !!