LIBYA

[BayBoy1]

What will happen to the billions of money and property ,,that is stashed away in the UK .in the gadhafi family name??? that Boy George has frozen???

[Gromit]

It will probably be offset by the billions that BP, Marks & Spencer etal have invested in Libya in the last couple of years. We chumed up to Gadafi because the Americans couldn't stomach his record, then he is history. £billions of overseas inveztment down the drain. Ah well, Brown tried.

[Ric.ror]

Gromit - could you expand on your comment 'well Brown tried' ?

[Gromit]

Ric.ror

By bending over backwards to accommodate Gadafi, Blair/Brown were able to normalise relations with Libya and open the door for British companies to do £billions of trade there. Unfortunately, it looks like they put all that effort in just to back a ruler about to fall.

I just any dictatorship, an M&S backed dictatorship.

[Ric.ror]

But surely these business will still be able to trade in Libya

[youngmafbog]

Heard it all now Gromit, is there no limit to the right on liberal left ?

Teh truth is we are stuck with pictures of His Tonyness and Bottler toadying up to Gadafi. Certainly Blair did not have to go kissing him or even really meet him

and labour certainly should never have left the Lockerbie bomber go. If appears Gadafi did know about it, although any sane person knew this anyway.

[keyplus90]

What would happen to the money? Same that has happened to the monies of the other dictators.

[rov1100]

///The funds are expected to be seized within days. The Treasury is understood to have set up a unit to trace Col Gaddafi's assets in Britain, which are thought to include billions of dollars in bank accounts, commercial property and a £10 million mansion in London.

In total, the Libyan regime is said to have around £20 billion in liquid assets, mostly in London. These are expected to be frozen as part of an international effort to force the dictator from power.

A Whitehall source said: "The first priority is to get British nationals out of Libya. But then we are ready to move in on Gaddafi's assets, the work is under way. This is definitely on the radar at the highest levels." ///