old_rat
Old Salt
This was on the MSN news listing, taken from ITN News.
"There are concerns about money saved in Post Office savings accounts, because much of that cash is kept in the Bank of Ireland where it is not covered by British Government guarantees.
A warning has been issued that UK savers with funds in Post Office accounts could lose their money. A joint venture between the Bank of Ireland and the Post Office means problems with Ireland's economy may put savings at risk.
A senior Liberal Democrat politician has told ITV News the partnership must be severed before it is too late. The Irish government has already been forced to nationalise some of the banks and there are increasing rumours that Ireland, like Iceland, is now bankrupt.
Meanwhile, Gordon Brown has attacked the banking industry again, claiming their mistakes have "squeezed" good, hard-working people."
"There are concerns about money saved in Post Office savings accounts, because much of that cash is kept in the Bank of Ireland where it is not covered by British Government guarantees.
A warning has been issued that UK savers with funds in Post Office accounts could lose their money. A joint venture between the Bank of Ireland and the Post Office means problems with Ireland's economy may put savings at risk.
A senior Liberal Democrat politician has told ITV News the partnership must be severed before it is too late. The Irish government has already been forced to nationalise some of the banks and there are increasing rumours that Ireland, like Iceland, is now bankrupt.
Meanwhile, Gordon Brown has attacked the banking industry again, claiming their mistakes have "squeezed" good, hard-working people."