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House of Commons Hansard
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Local Government: Bank Services
01 March 2010
Volume 506

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To ask the Secretary of State for Communities and Local Government what recent information he has received from (a) Bassetlaw district council and (b) other local authorities on repayments in respect of losses on investments in Icelandic banks. [318948]

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The Department does not collect information from local authorities on repayments in respect of losses on investments in Icelandic banks. 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. Local authorities are in direct contact with these administrators.