Government to get £30bn from banks
The Government is could recover almost £30bn from its holdings in UK banks that it bailed out at the time of the financial crisis if stock prices rise – plus another £8bn in loan and bond fees.
The Banker magazine says the sum – enough to fund the country’s primary schools for a year – represents a dramatic turnround from predictions at the height of the crisis that propping up the banks could cost taxpayers as much as 850bn.