UK backs island attempt to get Iceland to pay up
Thursday 16th October 2008, 2:30PM BST.
THE UK has lent its weight to local attempts to get Landsbanki Guernsey customers’ money back.
It was confirmed yesterday that UK Treasury officials would support the States in its dealings with the Icelandic government, despite some MPs condemning the Crown Dependencies.
And as Liberal Democrat deputy leader Vince Cable continues his campaign against offshore subsidiaries, the UK Treasury has recognised that the UK Government does benefit from them.
Treasury and Resources minister Charles Parkinson (pictured) said that the UK backing was a valued development and supported some of the many actions the States had taken.
‘We have been accused of failing to act appropriately to this crisis but nothing could be further from the truth. An awful lot of work has been going on behind the scenes,’ said Deputy Parkinson. He also praised the efforts of the Guernsey Financial Services Commission.
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A little late.. but good news nevertheless.
Hummm – 30p in the pound… Better than nothing. Had been expecting at least 75p in the pound though!!
And Notably!! Far less than that which would have been received in compensation should this failure have occurred in IOM or another counry within Europe.
Guernsey & UK Government – Have Heritable UKrepay Landsbanki Guernsey the approx. 36, 000, 000 of Landsbanki Guernsey deposits currently frozen in the UK by the treasury and keep the pressure on the Landsbanki Bank, (read Icelandic governement) in Iceland so as to ensure complete and prompt repayment of all monies owed to depositors.
Please “Get our money back!!”
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How can the uk or worldwide goverments take guernsey seriusly when our politicians that have control of our island can be an unemployed fisherman one year and the leader of the house the next no-one in our goverment is experienced in the job do but they are paid £40.000 a year to do it.
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