Friday, 4 December 2009
THE TRUE COST OF BROWN AND LABOUR'S FOLLY, £40,000 PER FAMILY
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. 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. Their support for businesses is set to fall short of the Government’s targets, with RBS and Lloyds unlikely to meet their commitments for £27billion in lending this year.
I THOUGHT WE OWNED THESE BANKS? So why are we letting them pay themselves huge bonuses when they are not running OUR BANK for the GOOD OF THE COUNTRY and BUSINESS?