“THE government is to invest £50bn of your money in British banks so they can lend it back to you with interest.The historic move is being hailed as a lifeline for the financial system as long as nobody asks too many questions.
Julian Cook, chief economist at Corbett and Barker, said: “The government will give your money to the banks so the banks can start lending you that money, probably at around 7% APR. ”
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