UK Daily Mail
Friday, Dec 4th, 2009
The extent of taxpayer support for Britain’s banks is revealed today to be £40,000 for every family in the country.
An official report concludes that bailouts, guarantees, insurance and loans offered by the Government and the Bank of England reached £850billion.
Not all the cash has actually been spent, and ministers insist that taxpayers will see a return when the banks get back to profitability and the public stakes are sold off to the private sector.
But the total aid package works out at £ 13,800 per person in Britain, or about £40,000 per family.
Despite this, the bailed- out banks are still refusing to lend.
“When the people find they can vote themselves money, that will herald the end of the republic.” – Fall Of The Republic – Buy the DVD here
This article was posted: Friday, December 4, 2009 at 4:41 am