The number of people declared insolvent in England and Wales hit a new record high during the third quarter of the year, official figures showed today.
Customers of the three Government-backed banks will get a choice which provider they belong to when the trio are dismantled, the Chancellor has revealed.
Taxpayers were hit for at least another £28.7 billion today as two state-backed lenders unveiled break-up plans on a seismic day for the UK banking sector.
3 November 2009
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