Banks set to demand fresh bail-out in 2011, warns think-tank
Monday, 4 October 2010 | 
Finance - Banki...
Where did our money go?
Banks borrowing requirement set to double next year to £25 billion a month to plug funding gap. Despite at least £1.2 trillion of taxpayers’ money being put at risk to bail out the banking system, many of the major high street banks may well be asking for another hand-out from the public purse in 2011, according to new research from independent think-tank nef (the new economics foundation).
These figures raise the question of whether the Government is aware of the problem, and if so, whether the scale of planned cuts to public services is being influenced by the likelihood of another bail-out.
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