This is a link to the National Audit Office’s estimates of the costs of support to the banks. It makes for interesting reading! Look in particular at how much the bailouts cost at their peak. And how much the ‘hidden’ support costs – including the cost of borrowing to support the banks – which the government often ignores, especially in its estimate of gains and losses incurred in nationalising and subsequently privatising the banks….
There is no excerpt because this is a protected post.
Government is set to recoup the final £5.3bn in an outstanding loan to Bradford & Bingley that was part of the 2008 Financial Services Compensation Scheme. A group of investors led by Barclay’s Bank is set […]
SkyNews reports that the Government announced at the end of April 2017 that it will sell £3 billion in Bradford & Bingley mortgage loans in an auction that is likely to follow the June elections. […]
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