Councils may be kept waiting for Iceland cash

摘要

Councils with around ￡610m still trapped in two collapsed Icelandic banks could be forced to wait until the autumn before discovering how much of the money they will get back, LGA sources have confirmed. Representatives from Smith Square attended a crucial court hearing in Reykjavik last week, which could determine whether UK town halls continue to receive their cash repayments quicker than most depositors.