Perhaps those eye-popping bail-out
figures don't look so big after all.
In the past year, the UK has also stumped up pounds 12.5bn to help rescue Greece, Ireland and Portugal with bail-outs
. With the crisis now engulfing the euro, and with the prospect of more bail-outs
, many of us in business believe we should urgently review our relationship with the EU.
Figures released on Wednesday by the Office for National Stastics revealed public sector net borrowing, excluding financial interventions such as bank bail-outs
, was Au15.9 billion in August, up Au1.9 billion on August 2010.
BERWICK MP Sir Alan Beith has urged David Cameron to press ahead with fundamental changes to banks to prevent any more taxpayer bail-outs
. The Liberal Democrat MP said bankers had been rescued by "fantastic" amounts of taxpayers' money and urged the Prime Minister to ignore bankers' pleas against a major shake-up, which is expected to be outlined in a major report out next week.
IT could take more than 10 years for the Government to get its money back from bank bail-outs
, it was claimed yesterday.
"We were not involved in the first Greek bail-out
. We haven't been involved in talks about potential Greek bail-outs
The government has responded with deep spending cuts and costly bail-outs
of the banking sector.
Writing in the Financial Times, chief executive Alessandro Profumo, said that the fund could provide help to European banks in the event of another crisis to turn themselves around without state bail-outs
Who would have thought for one minute it would be dog breeding and stag hunting and not NAMA, bank bail-outs
or cutbacks that could illicit such passion from our representatives?
CHANCELLOR Alistair Darling welcomed reports that the International Monetary Fund is calling for two new taxes on the banks to pay for future bail-outs
The IMF is expected to recommend the tax to sit alongside a global levy on bank balance sheets as the grip tightens on the sector following the mammoth bail-outs
seen during the meltdown.
A "RADICAL" overhaul of the UK banking system is needed to prevent taxpayers from picking up the bill for future bail-outs
, MPs said today.