Monday, Feb 23, 2009
Our kids are knackered...
BBC: Taxpayer may get £500bn liability
Taxpayers may become liable for £500bn worth of bad loans and investments made by Royal Bank of Scotland and Lloyds Banking Group, the BBC has learned... BBC business editor Robert Peston says that if the deal is completed it will take the total support by British taxpayers to the banks to £1.3 trillion.
Posted by timmy t @ 10:36 PM (315 views) Add Comment
4 Comments
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1. mrflibble said...
In for a penny in for a pound, or rather 7000 pounds, each.
2. Matthew said...
Why are the British so apathetic about how we are being ripped off! This is a disgrace. How many more 'Bail Outs'....what signal is this sending to the Banks?
Never have I witnessed such a blatant disregard for the every day person. Tell me a scenario, other than banking, where you can gamble with someone else’s money, keep the profits if you win and pass the bill back to them if you lose and then ask for more......it is an outrage!
3. inbreda said...
I think it's more than that mrfibble
4. gardeniadotnet said...
£1.3 trillion divided by approx. 30 million UK taxpayers is about £43 000 per person.
I'm going to have to take a loan out.