Taxpayers were hit for at least another £28.7 billion today as two state-backed lenders unveiled break-up plans on a seismic day for the UK banking sector.
Customers of the three Government-backed banks will get a choice which provider they belong to when the trio are dismantled, the Chancellor has revealed.
Banks are raising easy access savings rates. Though they are still low historically, the best accounts pay over six times more than the 0.5% base rate.