Offshore depositors

MPs demand bail-out for charities

2009-04-02 23

Charities in the UK that lost millions of pounds when the Icelandic banking system collapsed should get a bail-out, according to a committee of MPs.

But local authorities that suffered the same fate should not be compensated, the Treasury Select Committee said.

Deposits held by British citizens living outside the UK with savings in these banks' offshore arms should also not be covered.

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