Tuesday, 21 April 2009

IMF says UK facing bailout bill of £200bn

Telegraph
"The report delivers a fresh blow to Chancellor Alistair Darling on the eve of tomorrow's Budget, which will unveil soaring public debt and the worst year for the economy since the end of the Second World War.UK banks would also face a $200 billion (£137 billion) hit over the next two years as bad debts soared, the IMF said."
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IMF puts losses from financial crisis at $4.1 trillion

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