Taxpayers have ponied up £20 billion in bank losses
To understand the enormity of the bank nationalisations, read the figures quoted in John Redwood’s inestimable blog. Labour bought LLoyds Bank shares for 122.6p; today they are 57p. It paid 65.5p for its main shareholding in RBS. Those shares today are worth 37p. Total cost to the taxpayer: around £12 billion, plus another £8 billion in
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Taxpayers have ponied up £20 billion in bank losses
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