Writing to HM Treasury re Iceland

  • expat
  • 10/10/08 31/05/09
  • unspecified
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Posted: Sat, 29/08/2009 - 08:04

Given the news that HM Treasury is pleased that Iceland is prepared to honour its debts to the UK, over many years it must be said, perhaps you'd all like to join me in writing to the Treasury for answers. Essentially the UK has an obligation to represent the dependencies, including IoM, so why hasn't a deal been struck on their behalf as well, yet again!!!

Some of you may have other email addresses, but I personally like to write to victoria [dot] gibbs(?)hm-treasury [dot] x [dot] gsi [dot] gov [dot] uk, well seems to be my designated writing partner after my correspondence with Downing St who were to idle and self important to reply in detail. Michelle Narh at the same address is another known excuse maker and writer of standard responses, the least we can do is make them work for a living.

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HM treasury and its obligations

  • glen07
  • 21/10/08 n/a (free)
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  • Sun, 30/08/2009 - 15:31

Real pleased that HM Treasury is delighted that Iceland feels honoured bound to repay its debts to UK but let's all write and remind them that they said they would represent the IOM in any negotiation with Iceland and so expect to see them moving in this direction!!! If they've in any way forgotten let's send them an apt reminder.


Short e-mail to the UK treasury

  • AJM UAE
  • 11/10/08 31/05/09
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  • Sun, 30/08/2009 - 13:48

Taking inspiration from Expat, I have just written a short e-mail to Victoria Gibbs at the UK Treasury.

Dear Ms. Gibbs,

Please can you advise on the situation regarding the representation of the KSF IoM depositors in recent negotiations with the Icelandic government? I understand from news reports that the Icelandic government has produced plans to repay UK depositors caught up in its banking collapse.

As depositors in a UK crown dependency I understood that the UK government was obliged to represent our interests in negotiations with foreign powers.

Please advise and clarify the situation.


HMG's Sticky Dilemma a la Casablanca

  • VikingRaider
  • 10/10/08 31/05/09
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  • Fri, 04/09/2009 - 02:53

Sums it all up really; HMG is is in a similar position to the French police inspector played brilliantly by Claude Rains in Casablanca, who, when ordered by the Nazi occupiers to close down Rick's Casino on any pretext, announces 'I'm shocked, shocked to discover that gambling is occurring on these premises', shortly before being presented with his night's roulette winnings.


iceland repayt

  • domicile1
  • 27/01/09 31/05/09
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  • Sun, 30/08/2009 - 11:25

Surely the UK govt used our £500m to repay these savers in the uk . If so will Kaupthing UK not get all of our money back and hence be able to repay the IOM


Would love to write

  • Julienne
  • 16/10/08 31/08/09
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  • Sun, 30/08/2009 - 08:19

I would love to write to the UK Treasury and get some kind of sensible answer - offering me my money back would be a good one!!

I have done a lot of writing in the past - I would gladly do it again if I thought that the UK government are taking any responsibility for this mess. They have washed their hands of us, passing the buck back to the Isle of Man. They do not, as far as I know, have a debt on our behalf. Had they loaned the Isle of Man the money to repay us 11 months ago - they would have a debt - we would be happy and all living out the rest of our lives as we had planned to prior to October 2008. Iceland would then owe them our money.

Since it seems DST keep us in the dark re:political negotiations and their worth /outcome I have no idea whether my communication to anyone is going in completely the wrong direction.

In order for our future campaign to be effective we need to unit and have communication with those who are directing the proceedings.
We have been promised a secure website so the "cannon fodder" out here can know what is going on. When is that going to happen? One was set up but it isn't operative!! When are we going to be given more than bullet points of what is happening next.? I want to be effective with my time and effort in securing the return of my deposit and for that I need effective management and direction.

Everyone's life is in limbo and I feel sure that there is more than myself who is angry about it.


just carry on what we are doing..

  • hippychickrobbed
  • 03/11/08 31/05/09
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  • Sun, 30/08/2009 - 08:52

looking at the youtube videos increasing its alot better than it used to be. The message will start slowly spreading., slowly though. We were very lame until now, and I sometimes feel the under 50ks were more angry, or could it be the ones who have alot to lose were too shocked. The power of information is the internet, . I think we just need to be carrying on telling everyone the severity of it all because if we stop my god we might end up as good as the leyland liquidation.


CARRY ON CARRYING ON

  • conned
  • 13/10/08 n/a (free)
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  • Sun, 30/08/2009 - 09:56

We know there is only a handdful of us so, we have to organise things ourselves. I am going to Trafalgar Square on 12th Sept to support Nixi but I live in France, I cannot organise banners etc. I have e mailed the actions and tasks group asking if they are coming and so far every answer has been, 'I live in another country.' So, can someone in England organise banners,? (I am told they have a much better result than shouting uninteligible slogans) Looking at the live video of the plinth, any pictures of the public are too distant to show slogans on banners. but we hope to make some videos ourselves and with luck the media will be there. Perhaps you could take photos and get them into your local newspapers along with a URL for a video. Any Grannies in wheelchairs? Dogs? We have to stop bleating about others doing nothing. We know the score, we have to do it ourselves.

We have many more videos and they are doing a great job, carry on doing it. Follow the TAO, are you doing one?


Hi Conned,

  • follow_the_tao
  • 11/10/08 31/05/09
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  • Mon, 31/08/2009 - 04:53

I wasn't thinking of doing one but I'll rise to your challenge.
I'm thinking video nasties.
I just responded to your blog re the IOM publicity video and posted something.
I was interested to note on checking another youtube link that the same video has been posted but with comments disabled!
kind regards
the tao


Video nasty - tao

  • Julienne
  • 16/10/08 31/08/09
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  • Mon, 31/08/2009 - 12:14

F_T_T- be as nasty as you like - They deserve it!!!

According to LJ if we do enough videos we get a panorama programme. Now that would be a coup!! Such a heavyweight programme - so come on everyone do a speech- anything BUT do it.

As a much unloved and very poor management boss of mine used to tell me - J_DI ... I am sure many of you can fill in the missing letter and work out the anacronym.


Re Iceland repayment

  • anrigaut
  • 19/10/08 30/10/09
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  • Sat, 29/08/2009 - 08:49

Not wishing to put a damper on things, but surely Iceland has agreed only to repay the loan made for the Icesave depositors? Icesave was an online bank regulated in Iceland and the UK loaned money to the Icelandic equivalent of the FSSC to enable UK depositors to be paid out (which thus became a debt to the Icelandic government).

As far as I know, Iceland has not accepted having any debt to the UK in respect of Kaupthing, either in the UK or the IoM. Or have I missed something?


You're welcome to dampen as

  • expat
  • 10/10/08 31/05/09
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  • Sun, 30/08/2009 - 17:20

You're welcome to dampen as you wish, but the issue isn't, as you correctly point out, the terms of the Icesave deal, the point is to constantly remind HM Treasury of their obligations to IoM and by extension to us. Any excuse to remind them will do as far as I'm concerned. Alternitavely I'd be pleased to know if they are not pressing on that front why. So you didn't miss anything anrigaut, its just another small step isn't it.


Iceland will refuse to pay.

  • dawes
  • 24/10/08 31/05/09
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  • Thu, 03/09/2009 - 19:30

The only reason that they are agreeing to repay this loan (and they have put conditions which say they will only make payments for seven years, at a level they have chosen and once up, will pay no more whether the debt is paid back or not) is beacause they signed up for the EFTA. The force of the EU can be applied.

They will not pay for KSFIoM as they feel zero responsibility for anything. There is not a chance in hell the treasury could force them to pay up.

However, the criminal route maybe a better avenue to follow. The Icelandic government was running the banks as a massive fraud - maybe the UK could force responsibility on to Iceland and make them pay for that.


Fair enough expat. I just

  • anrigaut
  • 19/10/08 30/10/09
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  • Sun, 30/08/2009 - 20:35

Fair enough expat. I just didn't want people's hopes raised too much.


I'm with you there, there's

  • expat
  • 10/10/08 31/05/09
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  • Sun, 30/08/2009 - 22:13

I'm with you there, there's been far to much raising of hopes over the months, far to much rhetoric and little basis for it as far as I'm concerned. A little realism would go a long way. We should all start with the fact that KSF was going bankrupt, and work from there. It's a bit like "Murder on the Orient Express', everyone had a hand in the act!


@ expat -- we have moved on from there !

  • Lucky Jim
  • 13/10/08 31/05/09
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  • Mon, 31/08/2009 - 00:20

You say: "we should all start with the fact that KSF was going bankrupt, and work from there". I think we already know that it has gone bust and we are moving on !

Not only that but we are moving on rapidly. You speak with such pessimism; I speak with optimism, an optimism that is born out by the evidence that dispossessed depositors are discovering 'people power' exercised through the internet. Make no mistake about it, the winds of change are blowing in our favour. The campaign on the IoM Front has taken off. The campaign on the Westminster Front is underway, a lot of it covert at the present time but Nixi will be on the plinth in Trafalgar Square on 12 September with DAG supporters bearing banners, etc..

My blog is top of the IoM/Kaupthing blogs and Google picks up just about everything new that I post. The complementary website 'hits' are rocketing & the site has moved up from 24th.position to 5th. on Google, & it is still top of Yahoo.

Twitter & Youtube are now driving people to the two public sites. People are writing in to say they are closing their accounts on the IoM. 3 high profile financial organisations are now backing the DAG. Lord Foot's inquiry has received evidence on the part of the DAG & has taken note. The MoJ has lost its compass so there's going to be a judicial commission to look at the IoM (& the Channel isles) , and evidence will be submitted to that as well.

Blockbuster evidence will be submitted to the Tynwald Select Committee that will grab the headlines not only in the IoM but in the UK & further afield. There's all the ingredients for a big Panorama programme & a big media breakthrough is being lined up.

When the new DAG website is online (coming a.s.a.p) the DST will be able to share far more than has been possible on this site where non depositors are free to join and are doing so right now without saying anything about themselves or why they are here. It's hard enough getting anything out of HMG under the Freedom of Information Act so I don't see why we should make our information freely available to our opponents.

A political solution has to be accomplished & we will accomplish it if all members keep faith with our cause and trust the DST to lead the DAG to achieving its Mission. I still firmly believe you will ALL get your money back. I would not be writing this in the early hours of the night if I did not believe that the Mission will be accomplished!

Now I must get to bed... I have some cannon balls to make in the morning ! (:


I love lucky jim

  • hippychickrobbed
  • 03/11/08 31/05/09
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  • Mon, 31/08/2009 - 10:56

I love lj ,he is our che..


@ expat -- we have moved on from there !

  • Lucky Jim
  • 13/10/08 31/05/09
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  • Mon, 31/08/2009 - 00:24

another double post!


Sorry- double post

  • anrigaut
  • 19/10/08 30/10/09
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  • Sat, 29/08/2009 - 08:50

Sorry!


Have you noticed that ...

  • follow_the_tao
  • 11/10/08 31/05/09
  • a depositor
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  • Sun, 30/08/2009 - 05:30

.. there is nobody here but you?

Now why might that be?

Relevance, to mention nothing of potency, strikes me as the answer.

It is well past time for a serious re-analysis. Why hasn't there been one?

It's an irony that we have HNW and DAG here. Now can they stop pissing about and regroup. Then, just then, might those interested that remain feel involved, and thus act.

p.s. When Lucky Jim posts can he stop shouting (web convention is that posting in CAPITALS is shouting or does LJ just like screaming?).

I think we ought to group round the fact that the Kaupthing IoM debacle is the 'worst bank crash in the world of this crisis' and just stay with that. Bit hard for the IoMG to live that one down.

But of course I'm just talking to myself.

How about DAG/DST posting interesting detail about past battles. We might be mushrooms but hunger strikes nevertheless.