Yes. The UK Government has not guaranteed 100% of UK savers balances which is a key difference to the Irish Government. Also our population is much greater so the Govt - if things got really bad - could up taxes to raise the money to meet depositors needs. If we take Iceland as an example the population is 300,000 so their ability to raise capital is going to be limited. I am sure the Irish economy is basically sound but I for one wouldn't put all my money in an Irish bank. If lots of UK savers start putting their money in Irish banks I am worried about the exposure this creates.