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How long can taxpayers be expected to support the UK banking sector?

Time and time again the UK taxpayer has been assured that taxpayer funding was being well spent in supporting the UK banking system at a time when liquidity for business and personal use was at rock bottom. Even though there was some resistance to the injection of literally hundreds of billions of pounds into the system and directly into the banking sector, many were sold on the story by Gordon Brown. But how long can taxpayer's be expected to fund the system?

It is not necessarily a question of how long taxpayers can be expected to bail out the system but more a question of how long the government can continue and how much money they can borrow without seriously diminishing prospects for the UK in the medium to longer term. Forecasts of UK government debt of over £1 trillion would appear to be on the low side as expectations for the economy appear to have been overoptimistic. The pre-budget report would appear to be out of date already, just a couple of months after production.

The one problem Gordon Brown has is the fact that he crossed the point of no return many many months ago and is in some ways being forced to continue his "reckless spending" as the opposition parties would have you believe.

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