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How safe are UK savings?
How safe are UK savings?
Last Modified: 01 Oct 2008
By:
Katie Razzall
There is pressure on the British government to raise its deposit guarantee to stop money flooding out of the country, reports Katie Razzall.
Worried bank customers and some companies are moving billions of pounds between banks in search of security.
Some of it is going abroad after Ireland announced it would safeguard all deposits and bonds for the next two years,
The European Commission has already expressed its concern about Ireland's move, saying it would prefer member countries to act together.
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