Bank Services: Local Authorities

Mr. Cawsey
To ask the Chancellor of the Exchequer whether deposits by (a) North Lincolnshire Council and (b) other local authorities in failed overseas banks will be fully protected by the Government.

Ian Pearson
[holding answer 14 October 2008]: I refer the hon. Member to the written ministerial statement given by the Secretary of State for Communities and Local Government (Hazel Blears) on 14 October 2008, Official Report, columns 34-36WS.