£4,350 per family to bail out Britain’s banks

Robert Winnett, Edmund Conway and Harry Wallop
Telegraph
November 4, 2009

[efoods]The Chancellor confirmed that the Government would pump an extra £25.5 billion into Royal Bank of Scotland, and declared that it was the only way to keep the business alive.

Taxpayers have poured a total of £53.5 billion into RBS, including the £20 billion part-nationalisation last year and another £8 billion that was set aside as insurance against further trouble in the future.

In total, the Government has put £74 billion of taxpayers’ money into the banks, including RBS, Lloyds and HBOS, since the start of the financial crisis last year.

Read entire article

  Print this page.

Comment Rules

Comments are closed.