Bank bail-out: every family shouldering £4,350 tax liability

Every family in the country is now facing a tax liability of £4,350 to prop up Britain’s banking system.

DAILY TELEGRAPH, 4 Nov 2009: Alistair Darling yesterday unveiled the biggest bail-out of any bank in history.

The Chancellor confirmed that the Government would pump an extra £25.5 billion into Royal Bank of Scotland, declaring that this was the only way to keep it alive.

Taxpayers have now poured a total of £53.5 billion into RBS alone, including the £20 billion part-nationalisation last year and another £8 billion set aside yesterday as insurance against further trouble in the future.

In total, the Government has now pumped £74 billion of taxpayers’ money into the banks since the start of the financial crisis a year ago.

Read full article [external link]

BNP withdraws from campaigning for Glasgow North East by-election

Nick Griffin reveals he would support a referendum on Scottish independence…

THE TIMES, 29 Oct 2009: Nick Griffin, the British National Party leader, revealed during a visit to Hamilton yesterday that he would support a referendum on Scottish independence.

His comments will be regarded as an embarrassment for the SNP, who are unlikely to welcome any suggestion that their referendum plans are supported by the right-wing extremist party. The three Unionist parties at Holyrood oppose the proposals to hold a referendum next year.

Mr Griffin suffered a humiliation of his own yesterday when he was forced to withdraw from campaigning in the Glasgow North East constituency. About 40 protesters heckled the politician and threw eggs when he arrived at the headquarters of L107, a radio station based in Hamilton, Lanarkshire, leading to three arrests. A BNP spokesman later claimed Mr Griffin had been delayed by a previous meeting at a veterans’ charity in Hamilton.

Read full article [external link]

« Previous Page

  • Find By Category

  • Latest News

  • Follow us on Twitter