Page last updated at 12:42 GMT, Thursday, 26 February 2009

Tory reaction to RBS bailout

Shadow Chancellor George Osborne has challenged the government's latest bailout of the Royal Bank of Scotland.

The Chancellor Alistair Darling told the Commons further action to prop up RBS, including taxpayer-backed insurance for 325bn of 'toxic' assets, was vital to prevent the recession being 'longer and more painful and putting more jobs at risk'.

Mr Osborne demanded to know what the potential total exposure of the taxpayer was. He said that former RBS chief executive Sir Fred Goodwin should 'in all decency' give up some of his 650,000 a year pension.


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