Council millions in Iceland banks

Councils across Norfolk have confirmed they have millions of pounds invested in collapsed banks in Iceland.

The county council has 32.5m invested, while Breckland has placed 12m with three banks there. Both said council services would not be affected.

Great Yarmouth has 2m in Heritable, invested in July this year. West Norfolk, Broadland and North Norfolk said they had no Icelandic investments.

Norwich City Council also said it had no investments in Icelandic banks.

South Norfolk said its remaining 2m investment in Iceland was returned last week.

Prime Minister Gordon Brown said he was considering "further action", but the government was not offering to guarantee authorities' deposits with Icelandic banks.

In full: Council deposits at risk
09 Oct 08 |  UK Politics

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific