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After the tragic cataclysms of the past few days: the comic relief. Last night, Britain declared diplomatic war on a nation the size of Coventry. Iceland's refusal to compensate those who have lost millions in its stricken banks - collapsed by the credit crunch - was 'effectively illegal' and 'completely unacceptable', the Prime Minister said. Except it is not funny, and Gordon Brown - who, it must be said, has exuded authority and gravitas over an immensely difficult past two days - has every reason to be angry at how British investors have been treated. Tough talk: As well as dealing with Iceland, Gordon Brown should take action against the Town Hall bureaucrats who have been so reckless with our money But perhaps his real anger should be reserved for the councils, police and fire authorities whose 'experts' invested... [read full story]
