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Banking bailout cost every family £4350

It has been revealed that the ongoing bank bailout in the UK will cost each and every family in the country an additional £4350 in future tax liabilities. Despite the fact that the UK government was applauding itself after yesterday's banking breakup announcement it was revealed today that the UK taxpayer would be injecting a further £30 billion into Lloyds bank (£5 billion) and Royal Bank of Scotland (£25 billion). If this is a success for the UK government and the UK taxpayer let us hope there are no failures!

The UK government stands accused of trying to cover up further investment in the UK banking sector while at the same time championing the cause of UK taxpayers at a time when money is still tight and many people are struggling to cover their own bills. The very fact that the UK banking industry does not appear willing, or in some cases able, to increase liquidity across the board is certainly a slap in the face for UK taxpayers who have taken a massive hit to bail out the banking sector.

This will take some serious public relations expertise on behalf the UK government to turn the situation around, a situation which is in danger of running out of control.

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