UK to help troops hit by Cyprus levy

17 March 2013 Last updated at 06:06 ET

The UK government will compensate any British troops in Cyprus hit by its plans to introduce a bank levy as part of a £9bn EU bailout.

British government workers would also be protected, the chancellor said.

Thousands of Britons living in Cyprus could lose up to 9.9% of their savings under plans due to be decided on Monday.

The move could affect many of the 3,000 UK military personnel in Cyprus, and tens of thousands of expatriates.

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