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MPs warn over UK bank losses

MPs warn over UK bank losses
More than £66bn of taxpayers' money invested in RBS and Lloyds TSB during the financial crash "may never be recovered", MPs have warned. The Public Accounts Committee said it was not convinced that the Government will be able to sell its stakes in the banks for the price it paid "any time soon", and warned lessons must be learned from the sale of Northern Rock - which is expected to leave the Treasury with a £2bn loss.

Green Box: MPs warn over UK bank lossesClick to open

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