Qualified advisers answering your
Financial Questions
call 0800 092 1245

Alistair Darling blames the UK banks for the current recession

In a further spate of the blame game the Chancellor of the Exchequer Alistair Darling has this evening again suggested that the current recession can be laid fairly and squarely at the door of the UK banking sector. Rather bizarrely, he has suggested that the banking companies in the UK had been guilty of "hiding their liabilities" when the Northern Rock debacle was in full flow.

He has suggested that the banking industry leaders of the UK told him that the Northern Rock was a "one-off situation" when in reality this was something spreading throughout the whole UK banking sector. While some would argue with that Alistair Darling has a valid point, others would question how he could invest around £30 billion of taxpayer's money in the Northern Rock without doing his homework on the whole banking sector.

Each and every time the government steps into the breach and attempts to pass the blame to another party this seems to open up new questions into how the government monitored the banking sector and their actions since the credit crunch hit home. Many taxpayers are becoming bored of the government attempting to pass the buck and would rather see precious time spent on refloating the UK economy.

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