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Page last updated at 06:51 GMT, Monday, 13 October 2008 07:51 UK

'No evidence' of reckless councils

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Local councils are worried by the loss of up to 750m in investments in Icelandic banks. Lord Oakeshott, a treasury spokesman for the Liberal Democrats, and Paul Coen, chief executive of the Local Government Authority, discuss whether criticism of councils for leaving money in the banks for too long is justified.

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