Is Kent County Council in trouble? This news report says they tried to pull £250 million out of a major investment fund, but it doesn't indicate whether they were successful in doing so before the fund manager overseeing it locked withdrawals...
bbc.co.uk/news/business-…
This could potentially have knock-on effects on Brexit preparations, because of course Kent is at the tip of the spear when it comes to disruption at the ports and congestion on the roads. So worth keeping an eye on.
And if the original news report is correct, then that represents nearly all of KCC's long-term investments, when you consider their most recent accounts. Seems remarkable they would have concentrated their assets to that extent. Hefty pinch of salt needed!
kent.gov.uk/__data/assets/…
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