Qualified advisers answering your
Financial Questions
call 0800 092 1245

Will this be the end of the banking sector crisis?

As more and more experts put their heads above the parapet there is a suggestion that a £200 billion rescue package for the UK banking sector should inject enough confidence to end the current problems. However, those who expect the UK banking sector to bounce back in a matter of days may well be disappointed as it will take time for the additional funding to filter through and the banks to increase their lending and make their rates more competitive.

There are so many different elements to the ongoing credit crisis that it will take some time to unravel the current situation and target the areas most at need of attention. Despite the fact that details are only now emerging into the public domain there is speculation that once bank bailout part one had been completed the government had already begun work on part two in secret.

This new initiative will take you take the UK national debt to well over £1.2 trillion and put the UK government in a position where tax increases are inevitable and the UK taxpayer will have to replenish these funds. Talk of a national "bad bank" has gone quiet at the moment but do not write off this controversial method of isolating so-called toxic debt.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details