A £39bn handout – and the great British banking sell-off beginspublished Tue, Nov 03 2009 17:04 GMT
• RBS and Lloyds forced to relinquish prized assets• Tories accuse Darling of 'new world record' bailoutThe Conservatives have accused the government of creating a "new world record" for bank bailouts as another £39bn of taxpayers' money was injected into Royal Bank of Scotland and Lloyds Banking Group.The sum is larger than the £37bn used to prop up the banks in last October's salvage exercise and means the taxpayer is on the hook for more than £54bn in RBS alone.George Osborne, the shadow chancellor, said the £39.2bn was the equivalent of £2,000 per family and a "new world record as the biggest bailout of any single bank in any country".The government, which regards a figure closer to £29bn as a ...
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