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Local Government: Bank Services

Volume 481: debated on Thursday 23 October 2008

To ask the Secretary of State for Communities and Local Government which local authorities and other public institutions for which she has responsibility hold accounts in Icelandic banks; and how much is held by each institution in such banks. (227303)

In relation to local authorities, I refer the hon. Member to my answer of 17 October 2008, Official Report, column 1577W, to the hon. Member for Brentwood and Ongar (Mr. Pickles)

The Audit Commission issued a statement on 16 October on its deposits in Icelandic banks, which is on its website at:

Officials have contacted agencies, public corporations and non-departmental public bodies for which Communities and Local Government has responsibility and, excepting the Audit Commission, we are not aware of any that have investments in Icelandic banks.