Cyprus savings levy: UK government to compensate troops and civil servants

George Osborne says military personnel and civil servants in Cyprus facing levy on savings will be compensated The government is to protect the savings of British military personnel and civil servants in Cyprus who were facing the prospect of a levy as part of the €10bn (£8.7bn) eurozone bailout on the Mediterranean island, George Osborne has announced.

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Cyprus savings levy: UK government to compensate troops and civil servants