Saturday, 19 December 2009

Banking on high fliers

What a pity Flyglobespan didn't have access to the billions of pounds of public money made available to the banks. The £34 million that was withheld from the company would hardly even be noticed in the bank bailout - it's about one third of one per cent of the current estimate for the final figure for the bailout.

Interestingly, that final figure is £10 billion to bail out the banks (so the Chancellor says) - which is exactly the extra amount the Chancellor has decided to squeeze out of Scotland's oil fields over the next six years. Couldn't afford to bail out our banks? Funnily enough, the Chancellor says otherwise.

Mind how you go!

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