Bank Services: Local Authorities

Treasury written question – answered on 16th October 2008.

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Photo of Ian Cawsey Ian Cawsey Labour, Brigg and Goole

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.

Photo of Ian Pearson Ian Pearson Parliamentary Under-Secretary, Department for Business, Enterprise & Regulatory Reform, Economic Secretary, HM Treasury

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, Hansard, columns 34-36WS.

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