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To ask the Secretary of State for Communities and Local Government with reference to the Answer to my hon. Friend Mr. Pickles and Ongar of
On part (a), my Department did not receive, nor would we expect to have received, information from any source on the Icelandic banks. As the Department's investment guidance, published in 2004, makes very clear investment decisions are a matter for the local authorities concerned,
On part (b) the Audit Commission has confirmed that it did not receive, nor would expect to receive, information from the sources named in the question regarding investments in Icelandic banks.