Taxpayers poised to take on 'toxic' debts as Government throws another Ł200bn lifelin

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Taxpayers poised to take on 'toxic' debts as Government throws another Ł200bn lifelin

18th January 2009, 01:37:AM

Chancellor Alistair Darling will underwrite ‘toxic’ assets built up by the banks during the credit boom which are now seen as high risk. If companies and individuals default on these debts, the taxpayer will be left to foot the bill.

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Tags: assets, credit, debts, default, government

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Taxpayers poised to take on 'toxic' debts as Government throws another Ł200bn lifelin

Taxpayers poised to take on 'toxic' debts as Government throws another Ł200bn lifelin

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