Monday, 19 January 2009

A £300bn rescue package has been announced by the Government

Sky News
"Mr Darling is staking hundreds of billions of pounds of taxpayers' money in an attempt to free up "blocked" credit markets and head off a worsening recession."

RBS loses £28billion in a YEAR as Darling warns British economy will collapse if second bank bailout fails
"Alistair Darling warned the British economy would fall apart if the rescue of the banking system fails. " (Daily Mail)

Alistair Darling has admitted he has no idea how much money the Government will need to pour into failing banks to stave off a collapse in the sector that could bring down the entire economy.
(Telegraph)

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