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Local Government: Bank Services

Volume 498: debated on Wednesday 28 October 2009

To ask the Secretary of State for Communities and Local Government what estimate he has made of the amount of money deposited with Icelandic banks by local authorities which has not yet been recovered. (296284)

CLG has not made any such estimates. The Resolution Committee for Landsbanki and Glitnir and the UK administrators of Heritable and Kaupthing, Singer and Friedland Ltd., have published information on likely rates of return.