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Dispatches: how local governments are being fleeced by the banks on £15bn loans

Dispatches will tonight report on the latest banking scandal - the kickbacks and dodgy loans surrounding local government financing. So what's going on?

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Flickr/ell brown. Some rights reserved.

Debt Resistance UK (DRUK) are initiating a local authority debt audit campaign to demonstrate how the framework of local government finance has been designed to work in the interests of private banks, and not in the interests of taxpaying citizens experiencing harsh austerity cuts, for a banking crisis they did not cause.

Tonight,  Channel 4 Dispatches in “How Councils Blow Your Millions” will present C4's analysis of 12 months of Debt Resistance UK – an issue we hope UK citizens will take up as a campaign issue with their local council.