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

Tory reaction to RBS bailout

Advertisement

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.

SEE ALSO

Story Tools

BBC navigation

BBC © 2013 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific