The Times: Reports that the Treasury is not keen to bailout Councils that had money in banks in Iceland. The Collapse of these banks could cause Plan B, the Bailout of the UK banks to fold, if Councils feel that banks are not safe they could take their money out, there would be a run on the banks, aka 1930s. The Government can not dither on this issue, if the banks have to be bailed out then so must the councils.
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