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Page last updated at 16:41 GMT, Tuesday, 3 November 2009

Osborne slates £39.2bn banks shake-up

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Chancellor Alistair Darling has been giving details to the House of Commons about changes to Lloyds Banking Group and Royal Bank of Scotland, requiring another injection of tax-payers' money.

Shadow Chancellor George Osborne accused Mr Darling of not even being prepared to put the full figure of £39.2bn before MPs.

Mr Osborne said this was equivalent to £2,000 per family.

He added this was "bigger even than the bail-out last autumn" and a "new world record as the single biggest bail-out of any single bank anywhere in the globe''.

READ MORE: Lloyds and RBS cut down to size

SEE ALSO

Darling outlines bank break-ups(02.12)
Cable challenges banks 'break-up'(01.01)

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