How much profit will Northern Rock and Bradford & Bingley make for the taxpayer?
UK Financial Investments, which looks after the bailed-out banks on behalf of taxpayers, has produced the first real analysis on how much money might be made on Northern Rock and Bradford & Bingley. It reckons that the "wholly owned" businesses will bring in between £95bn and £97bn – at least £33bn more than was put in.
As always there is a snag. It could take another 15 years for those sums of money to flow back to the exchequer.
Link (submitted by Will)
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