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UK Govt to ensure savers get money back
MSE_Martin
Posts: 8,272 Money Saving Expert
I've just updated the Icelandic section of safe savings. To my interpretation Alaistair Darling effectively promoised people would get their £50,000
There will be a statement in the house of commons later.
Read a transcriptin the icelandic savings section of
http://www.moneysavingexpert.com/savings/safe-savings
UPDATE:
Its now 'looking' like all cash will be coming back not just £50,000 though a statement and exact clarification is due later... but don't get your hopes up until we KNOW for sure.
There will be a statement in the house of commons later.
Read a transcriptin the icelandic savings section of
http://www.moneysavingexpert.com/savings/safe-savings
UPDATE:
Its now 'looking' like all cash will be coming back not just £50,000 though a statement and exact clarification is due later... but don't get your hopes up until we KNOW for sure.
Martin Lewis, Money Saving Expert.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.
Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.
Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 000
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Comments
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Thank you Martin, nice to know something before a long day at work worrying.MFW #185
Mortgage slowly being offset! £86,987 /58,742 virtual balance
Original mortgage free date 2037/ Now Nov 2034 and counting :T
YNAB lover
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MSE_Martin wrote: »I've just updated the Icelandic section of safe savings. To my interpretation Alaistair Darling effectively promoised people would get their £50,000
There will be a statement in the house of commons later.
Read a transcriptin the icelandic savings section of
http://www.moneysavingexpert.com/savings/safe-savings
what about us with up to 16000? how do we proceed now?0 -
** HUGE SIGH OF RELIEF**
:beer:0 -
Thanks Martin.0
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Thanks Martin for the update and looking into this. Lets stay as positive as we can and try to work together to sort things out.0
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It was confirmed yesterday there will only be ONE form to fill in regardless, the question was "who will pay" will Iceland fulfill its obligation for the first £16,000.
Now we're (my interpretation not guaranteed) hearing "someone will pay", which is of course most important.Martin Lewis, Money Saving Expert.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 0000 -
Expect good news for those of us with under 50k
If they can bail out !!!!!!!!s who over lend and take stupid risks then I am sure those of us who simply want to "save" money can be looked after.It's far better to be penny wise than pound foolish.
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He just said on the Today Programme that UK savers in Icesave will get 100% of deposits back, from the UK government.0
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Darling just confirmed this on BBC Radio 4. UK government to ensure that all Icesave depositors get their money back.
Hopefully, as suggested by others on this site, HMG will be seizing Icelandic assets to pay for it.Je suis Charlie.0
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