Sunday, October 12, 2008

Government seizes £4bn assets

Uses anti-terror laws to save UK investments in a free market!!!

2:14pm Sunday 12th October 2008
© Press Association 2008


The Government has seized more than enough Icelandic assets to pay back British savers caught up in the country's banking collapse, it was revealed.
Some £4bn is understood to have been frozen using anti-terror laws last week, compared to the estimated £3bn that UK councils, charities and individuals stand to lose.
Treasury Chief Secretary Yvette Cooper insisted the assets would not be released until a deal had been struck with Iceland's authorities to return British money. More...

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