Rescue packagehope for savers

There were hopes that the Chancellor's pledge of a £200m rescue package for the crisis-hit Presbyterian Mutual Society (PMS) could ease the plight of its thousands of savers.

Former Moderator of the Presbyterian Church in Ireland Dr Stafford Carson welcomed the announcement but said more details were needed. The PMS went into administration in 2008, leaving nearly 10,000 people unable to access their savings.