Councils pleading poverty have put 16billion in the bank despite railing against "Dickensian" cuts

Councils pleading poverty have put 16billion in the bank despite railing against 'Dickensian' cutsReserves up by 15.5%, from 14.2billion in 2011 to 16.4billion this yearA third of councils' annual spending now put straight into the bank | UPDATED: 23:23 GMT, 30 December 2012 Hitting back: Communities Secretary Eric Pickles accused councils of scaremongering Councils have salted away an extra 2.2billion in the last year – while stepping up their campaign against the Government’s ‘Dickensian’ cuts. Official figures reveal that council reserves have rocketed by 15.5 per cent, from 14.2billion in 2011 to 16.4billion this year. The figures emerged as local authorities launched a two-pronged attack on ministers over ‘grossly unfair’ cuts that will require them to trim their budgets by an average of 1.7 per cent next year

You"ve got to be Djoking! Tennis star Novak buys up world"s supply of donkey cheese at 400 a pound for new restaurant chain

You've got to be Djoking! Tennis star Novak buys up world's supply of donkey cheese at 400 a pound for new restaurant chain | UPDATED: 21:50 GMT, 9 December 2012 Some of us might find the idea of donkey milk cheese hard to stomach at any price. However, aficionados of the rare delicacy are apparently prepared to pay up to 400 a pound for it. And from next year, even that will not be enough to secure a supply, after tennis star Novak Djokovic bought up the entire 2013 output of the Serbian farm which produces it

Banks giving "misleading" details about bad debts and may have to set aside 35billion more, BoE warns

Banks giving 'misleading' details about bad debts and may have to set aside 35billion more, BoE warns | UPDATED: 14:47 GMT, 29 November 2012 Britain's banks could be 'misleading' investors by failing to account properly for bad loans, including where they have given borrowers leeway on their debts, the Bank of England has warned. The Bank of England urged lenders to take action to bolster their balance sheets and reveal the full extent of losses on bad debts, as well as expected compensation bills, in particular for mis-sold payment protection insurance (PPI). The UK's four biggest banks – HSBC, Lloyds Banking Group, Barclays and Royal Bank of Scotland – could need to increase their capital reserves by as much as 35billion between them, according to the Bank