New Concerns Over the Government's Bank Bailout Bill ; Economy

Summary


THE Government came under increased pressure over its multi- billion pound schemes to bail out the banking system, as it emerged today that Britain could let the banks off more lightly than the White House did with Wall Street firms.

Plans said to be under consideration at the Treasury would leave the UK taxpayer to underwrite many hundreds of billions of pounds of potential losses -- more than previously thought.

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New Concerns Over the Government's Bank Bailout Bill ; Economy

On Monday, Chancellor Alistair Darling outlined his plan to use taxpayer money as insuran...

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