Icesave - everyone will be paid

Fella

Alasdair Darling on BBC live 2 minutes ago:

- Icelandic scheme has no money

- Government will guarantee 100% of all deposits, even those over £50K.

ballyblack

See first post

deefadog

Phew..... Only got about 11k in there, but a lot all the same.

Now the question is where to put it - under the bed?

Fella

deefadog wrote: »

Phew..... Only got about 11k in there, but a lot all the same.

Now the question is where to put it - under the bed?

Lasseters....

South_Bound

Lasseters

lol, all on black I presume?

jack111

Can confirm this just saw it as well on Breakfast. Alastair Darling has said 100% of the money will be given back to icesave savers even above the £50000 limit.
Also the icelandic govt is not in a position to pay the first £16000 thus this will also be paid by the UK compensation scheme.
Good new well done Alastair Darling :T:T:T

mjmal51

http://news.bbc.co.uk/1/hi/business/7658417.stm

Gambler

deefadog wrote: »

Phew..... Only got about 11k in there, but a lot all the same.

Now the question is where to put it - under the bed?

I'll be paying off a chunk of my mortgage.

Malski

Might be a daft question but how will this be paid back, would the money you have be paid back the way it was deposited, ie form whatever bank you used to pay into icesave or would it be a way of filling in forms etc?

Bit confused.

Zedkay

"The Icelandic government, believe it or not, have told me yesterday they have no intention of honouring their obligations here," said Mr Darling.

Happy enough taking the money though, when the flow was the other way. Huge relief though.

deefadog

All i need now is for Moneybookers to go bust and that will make my day!

May pile it in to IW and live off the arbs LoL