Happy New Year from Birmingham City Council - to all our pension fund investment managers!

Birmingham City Council agrees to increase the expenses of its Pension Fund investment managers to £35.5 million a year, or £3 million a month, whilst agreeing massive cuts to services.

Chief Commissioner Caller in the gutter

Unable and unwilling to understand the basics of council pension funds, its Gove-imposed Chief commissioner resorts to insults, and enforces cuts whilst ignoring hundreds of £millions due back from the pension fund.

Here's one they made earlier: how pension funds return surpluses to their councils

Stop dithering, Birmingham. Come clean, Max Caller.

How long will it take Max Caller, the Chief Commissioner of Birmingham City Council, to confirm that the pension fund surplus reported last March in the City Council accounts was £417million?

The calculations have been done and the facts are before him, but Gove's chief commissioner refuses to publish the figure. We know what it is, he knows what it is - why won't he tell the people of Birmingham what it is?

If you think you knew why Birmingham City Council went bust, think again.

Could Birmingham actually un-bust itself overnight (and halt the cuts) at the stroke of the Deputy Prime Minister's pen?