A recent meeting of the Babergh District Council Cabinet revealed two interesting details.
First the minutes of the previous meeting showed the comment by a councillor that the anaerobic (waste) digestion was more sophisticated than composting.
I suppressed the thought that anaerobic digestion practitioners attend sophisticated parties, enjoying fine wine and having an informed appreciation of ballet and opera but instead I concentrated on the view that the more complicated something is the more likely it is to malfunction.
But we expect to learn more in November.
Meanwhile lurking in the small print of  the General Fund Financial Monitoring 2024/25 Q1 Forecast was the news that interest income was down £723,000. Most of this (£612,000) arose from the unexpected closure of one of the council’s pooled investment funds, which had only recently been announced.
I was unable to get further details except that the closure was unexpected.
There is an experience of people & organisations going bankrupt slowly at first and then very quickly. But even asteroids give notice of impending doom. Which prompts the question of who was asleep at the wheel whilst this “unexpected” situation occurred? When was the investment downgraded to junk status or worse? What role did our Money Investment Consultants play in this debacle?
I’m not suggesting that Babergh is in financial difficulties but I would like to know more and more specifically who was asleep at the wheel.

Disclaimer:
This blog/post is the sole responsibility of its author Brian Riley.
It has not been approved nor is it endorsed by Babergh District Council or South Suffolk Conservative Association.