Pounds 11bn Loss at Banks ; Yourmoney: Cost to the Taxpayer As Share Prices Crumble

Daily MirrorJuly 14, 2009

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Summary


TAXPAYERS are saddled with losses of almost pounds 11billion as a result of bailing out the banks.

The shortfall, admitted for the first time yesterday, is equivalent to almost pounds 900 for every household in the UK.

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Pounds 11bn Loss at Banks ; Yourmoney: Cost to the Taxpayer As Share Prices Crumble

It follows the Government's decision to pump pounds 37bn into Royal Bank of Scotland and ...

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