Article leads with Turkey IMF loan but includes details re: UK funding of IceSave payout.

'Last month the British Government and the Financial Services Compensation Scheme (FSCS) said that all savers would be repaid in full after the collapse of Landsbanki, the owner of Icesave, meaning that UK taxpayers had to cover the first £16,000 of each account. The £2.2 billion bill for this counts towards the IMF bailout as a an effective loan to Iceland.

The FSCS will repay any further savings up to the usual threshold of £50,000 at a cost of £1.4 billion, with the Government covering amounts above this threshold. The total cost to the Treasury of compensating savers for sums above £50,000 is £800 million. The Government said that it hoped to recover this sum, alongside charities and local government agencies that lost their deposits, when Landsbanki is broken up and sold.  21-Nov-08.

http://business.timesonline.co.uk/tol/business/economics/article5201859.ece