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.
The Government is attempting to cut up the credit card rule book, launching a raft of proposals aimed at reducing the £53.9 billion of debt we owe on plastic as a nation.
The Government may have to add 7p to every £1 of basic rate income tax due as part of efforts to cut the national debt, according to a report published today.
21 October 2009
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