UK customers escape bank levy

Around 15,000 savers in the UK arm of stricken Cypriot bank Laiki will see their deposits protected under British rules and will escape the Cyprus banking levy.

View all 219 updates ›

British service personnel in Cyprus will be protected

The UK Government says it will repay any money seized from the bank accounts of British service personnel working in Cyprus, but other British expats are likely to lose between six and 10 percent of their savings.

The Parliament of Cyprus will decide tomorrow whether to seize money from all savings accounts as part of a bail-out plan to rescue the island's banks.

ITV News' Nina Nannar reports:

More on this story