Scots Councils Owed Pounds 31m by Iceland Banks [Scot Region Edition 2]

Summary


SCOTTISH councils are still owed Pounds 31 million from the collapse of the Icelandic banking system and may have to wait years before a single penny is repaid.

Local authorities are still fighting to recoup the millions of pounds of taxpayers' cash deposited with the banks when they went bust in 2008.

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Scots Councils Owed Pounds 31m by Iceland Banks [Scot Region Edition 2]

Lawyers have launched a legal battle to try to reclaim the money, which is desperately needed to help soften the impact of public sector cuts.

But even...

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