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Powys recovers most of £4m Icelandic loan

A Welsh council last week recovered most of the £4m it had invested in Icelandic banks before the 2008 crash.

By Sam Clayden | 06 September 2016

A Welsh council last week recovered most of the £4m it had invested in Icelandic banks before the 2008 crash.

Eight Welsh authorities and three police authorities had some £66m invested in Icelandic banks prior to the collapse, but Powys CC has now clawed back almost all the money it had tied up.

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Popular articles by Sam Clayden

  1. Reach out and Tweet
  2. Riordan calls for social media abuse clampdown
  3. Call for business rates to be scrapped
  4. Breathing life into the high streets
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