Will Investors At Icesave And Other Iceland Banks Be Saved By Brown?
Friday, October 10, 2008 7:46:24 PM
His statement came after the Government and the Local Government Association said tonight in a joint statement that councils facing "severe" difficulties after investing in collapsed Icelandic banks will receive "appropriate" assistance,
Mr Brown made his comments as he visited business chiefs in Birmingham to talk about the Government's massive bail-out package that could effectively part-nationalise eight UK financial institutions.
He said: "This is a real problem because we have guaranteed the retail deposits of even Icelandic branches in Britain".