Monday, October 13, 2008

Govt. announcement on bail outs and nationlisation

Financial support to the banking industry - HM Treasury statement

HM Treasury statement: With continuing exceptional instability in the global financial markets, the Government is today taking decisive action, by implementing the comprehensive set of measures it announced on 8 October, to make commercial investments in UK banks and building societies to help stabilise their position and support the long term strength of the economy... The overall aim of these measures is to support stability in the financial system; to protect ordinary savers, depositors, businesses and borrowers; and to safeguard the interests of the taxpayer. In summary, the measures intend to:

Posted by converted lurker @ 10:54 AM (436 views)
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