British Expats
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British Expats (https://britishexpats.com/forum/)
-   Australia (https://britishexpats.com/forum/australia-54/)
-   -   A question, valid, what would you do? (https://britishexpats.com/forum/australia-54/question-valid-what-would-you-do-607367/)

louie May 27th 2009 12:19 am
Re: A question, valid, what would you do?
 
Originally Posted by hopalong (Post 7605908)
You might want to consider what the maximum compensation is of the governing body for the institution you are banking with.

UK is £35,000
No, that's been increased to £50,000.

suggs Jun 1st 2009 8:23 am
Re: A question, valid, what would you do?
 
The chances of a UK institution going "down the pan", not sure it will happen, the 50k is a token gesture by the UK gov, rather alike the $1 million gesture the Australian Gov have put in place?

I just wish that exchange rate would improve? Could be along wait with this capping of Gilt yields and artificially keeping base rates low in the UK?

Suggs


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