Summary
THE Government is set to reap almost pounds 30bn from its holdings in British banks which it bailed out at the time of the financial crisis, according to an analysis published today. The sum represents a dramatic turnaround from predictions at the height of the crisis that propping up the banks could cost taxpayers as much as pounds 850bn.
It will be achieved if equity prices rise in line with predicted economic growth over the next five years, delivering a profit of around pounds 19bn to the taxpayer by 2015, said The Banker magazine.See the full content of this document
Extract
Big Bank Balance ; Inbrief
At least a further pounds 8bn ...
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