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U.K. Considering Plans for Spain, Portugal Expats, Times Says

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Dec. 18 (Bloomberg) -- The U.K. is making plans to evacuate Britons living in Spain and Portugal in case the nations’ banking systems collapse, the Sunday Times reported, citing people in the Foreign Office it didn’t identify.

The U.K. is discussing sending planes, ships and buses to bring citizens back to Britain or giving them loans if they’re unable to access their money, the paper said. The Treasury may also put pressure on banks not to call in mortgage loans.

Officials continue to contingency plan for a range of possible scenarios, a spokesman for the Foreign Office, who declined to be named in line with government policy, said today.

To contact the reporter on this story: Jennifer Ryan in London at jryan13@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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