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London freezes payment of Cyprus-based British pensioners

The British government is freezing payment of pensions to expatriate Britons on Cyprus until the dust settles on the issue of the island's bailout, British Treasury Minister Greg Clark told the House of Commons on Monday.

The freeze will last at least until Tuesday, but will last up to the financial situation in Cyprus becomes clear, the minister stated.

He went on to reassure the «several thousand» Cyprus-based pensioners that their money is «held safely» and they should not worry.

Clark also advised them to switch their designated bank accounts online to continue receiving payments by contacting the International Pension Centre through the Department for Work and Pensions website «as soon as possible» for details of how to do this, he added.

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