It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Taxpayers are paying £5 billion a year in interest on money the Government borrowed to support the banking sector, MPs have disclosed.
According the National Audit Office, “explicit” support provided to the banks fell from £955 billion in December 2009 to £512 billion by December 2010.
The MPs also said that it was “inappropriate” for banks dependent on taxpayer support to be paying their staff excessive incomes or unnecessary bonuses.