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Page last updated at 07:14 GMT, Wednesday, 4 August 2010 08:14 UK

UK banks 'weren't bust at all'

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A leading British economist has said the UK's banks "were not bust at all" when the government bailed them out.

Speaking on the Today programme, Professor Tim Congdon said the banks "had a cash problem" in 2008, which could have been dealt with only using loans from the Bank of England.


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