Government Uses Anti-Terror Laws to Seize Pounds 4bn Assets
Birmingham Post › October 13, 2008
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Summary
The Government has seized more than enough Icelandic assets to pay back British savers caught up in the country's banking collapse, it was revealed yesterday.
About pounds 4 billion is understood to have been frozen using anti-terror laws last week, compared with the estimated pounds 3 billion that UK councils, charities and individuals stand to lose.See the full content of this document
Extract
Government Uses Anti-Terror Laws to Seize Pounds 4bn Assets
Treasury Chief Secretary Yvette Cooper insisted the assets would not be released until a deal had been struck with Iceland's authorities t...
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