2009 United Kingdom bank rescue package information
UK response to the 2007–2008 Financial crisis
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A second bank rescue package totalling at least £50 billion was announced by the British government on 12 January 2009, as a response to the then-ongoing Financial crisis of 2007–2008. The package was designed to increase the amount of money that banks could lend to businesses and private individuals. This aid came in two parts: an initial £50 billion made available to big corporate borrowers,[1] and a second undisclosed amount that formed a form of insurance against banks suffering big losses.
^Wong, Grace (2009-01-19). "U.K. unveils second bank rescue plan". CNN. Archived from the original on 12 February 2009. Retrieved 6 February 2009.
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