The £1,300,000,000,000 bank job

tuckerThis article is sobering reading. Obviously, we are screwed here in the UK. The most disturbing part is that this £1.3trn paid to bail out banks represents the value of the UK economy for a whole year.

The article is also interesting reading because it shows the whole RBS pension story last week was a smokescreen for more disturbing news. Like something straight out The Thick Of It I imagine.

To get some kind of grasp on that number above imagine this: If someone was to give you £1 every second it would take 41,195 years to receive £1.3trn.


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