Edinburgh: has it even heard of the credit crunch?

If there were a competition for the British city which has wasted most money in the last decade, Edinburgh would surely win.

If there were a competition to identify the British city in which most money has been wasted in the last decade, Edinburgh would surely win. The new Scottish parliament building alone, finally completed in 2004, cost the taxpayer £414m, many times more than the initial estimates of £10m-£14m.

Now, as I discovered on a brief trip to Scotland last week, there is a new fiasco in the making.

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