Iceland crisis freezes charity work

Posted 02/12/2008 - 14:57 by steveejeb

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2008-12-01 (All day)

The collapse of Iceland's banks has affected some British charities who had saved with them. One is Naomi House Children's Hospice in Hampshire which has had to cut vital services.
Sue George and her eight-year-old daughter Holly are arguably two of the most innocent victims of the Icelandic banking crisis.
They live in Beedon, in Berkshire, and until recently knew they could rely on a hospice-at-home service run by Naomi House. Now, they can't.
Naomi House recently had to slash services, two months after it found it could not access its £5.7m reserves in Kaupthing, Singer and Friedlander (KSF) - the UK subsidiary of Iceland's biggest bank.

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