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Donald Moffat receives £100 billion overdraft bill from Barclays!

When 38-year-old Donald Moffat logged onto his Barclays bank account yesterday morning expecting to see his account in the black he was astonished to say the least when he encountered a £100 billion deficit on his current account!

While the UK economy and savings rates may be under pressure the Scottish student was shocked when he realised he had apparently spent enough money to bail out the banking sector three times over!

It appears that a number of Barclays bank accounts have been hit with a technical glitch which has seen many of them pushed into the red with some serious figures coming to the fore. While the situation has already been fixed, a number of people would have had difficulty withdrawing money for a short space of time which could at this time of year have been very unfortunate.

While many people will find a tale of being £100 billion in debt quite funny it has highlighted the central place which the banking system holds in all of our lives. This is an industry which has cost the UK taxpayer hundreds of billions of pounds this year alone with strong suggestions are more funding will be required in 2009.

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