MARKET FARCES: ‘REASONABLE’ LOSSES?

MarketsElsewhere in the latest markets report we’re assured that the OLD BENT MANAGEMENT of the service has now been moved on in favour of a new, young all-singing, all dancing team.

So how are the new team getting on? Well, a careful read of the report reveals they have managed to collect just 73 PER CENT of their total income for the year so far. This means over a quarter of the service’s income is going uncollected.

We calculate this amounts to a figure not unadjacent to £100K A YEAR that new bosses have failed to bank on our behalf.

Meanwhile Internal Audit assure us – after three years of constant work – that, “Controls are operating at an ACCEPTABLE level and management can take REASONABLE assurance that MANY of the risks to the service are effectively managed.”

Hardly fills you with confidence does it? Meet the new boss, same as the old boss!

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