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Page last updated at 08:16 GMT, Friday, 4 December 2009

Banks bail-out justified, says National Audit Office

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National Audit Office (NAO) director Peter Gray says the government was justified in supporting the banking sector during the financial crisis.

The NAO report said the cost to the British public so far was £850bn but the final amount would not be known for a number of years.

READ MORE: UK banking bail-out 'justified'

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