Mark Pack

London’s Metropolitan Policy Authority had £30m deposited with Landsbanki, the Icelandic bank which collapsed in late 2008. Combing through some of the latest financial information from the MPA, it’s clear that the MPA is now expecting (at best) to get 83% of that back, leaving the police with a £5.1m loss.

Ouch. Though not so ouch as to have stopped the £2m a year spent on chauffeur-driven cars for senior Met officers who don’t have a security need for one.

(To put these numbers in some context: the annual cost of a police constable is c.£60,000.)