Icelandic bank collapse: council vows to fight on

A council which lost four million pounds with the collapse of three Icelandic Banks five years ago has clawed back a further fifty eight thousand pounds. East Lindsey District Council was one of more than 50 local authorities affected when the banks went into administration.

It has now received a total of 3.2 million pounds back and says it will continue to fight hard for every penny to be returned to the district.