Qualified advisers answering your
Financial Questions
call 0800 092 1245

What else did the Bank of England keep from us?

News that the Bank of England loaned £62 billion to Lloyds bank and Royal Bank of Scotland during the height of last year's financial meltdown has caught many in the market by complete surprise. There are very few, if any people, outside of the regulatory and Bank of England circles who had any idea of the massive risk which the authorities took at the height of the crisis. So what else did the Bank of England and the UK government fail to tell the UK public?

The fact that it has taken 12 months to inform the UK public and the UK business arena that £62 billion of UK taxpayers money was loaned to Royal Bank of Scotland and Lloyds bank is causing some concern in business circles. The UK banking system has bled the UK taxpayer dry over the last 12 months even though liquidity is still very subdued and many UK businesses, even those trading fairly well in these difficult conditions, are finding it near impossible to arrange additional finance.

The UK banking system was bailed out for the good of the UK consumer and the UK business arena, but where is the return for UK consumers and UK businesses?

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