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.
Tens of thousands of mortgage customers will be entitled to compensation after the city watchdog fined a lender for hammering those in arrears with excessive charges.
Anyone recently self-employed or who cannot prove their income could be excluded from getting a mortgage under proposals announced today by the City regulator.