Icesave case costs UK taxpayers £100m

Updated
The Icesave website
The Icesave website

Paying back savers with failed online bank Icesave could cost UK taxpayers more than £100 million, after a European court ruled that the Icelandic government had no obligation to repay Britain and the Netherlands.

The governments of both countries acted to help savers affected by the collapse of Icesave's owner, Lansbanki, in 2008. %VIRTUAL-SkimlinksPromo%

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