Trillian -dollar Bail-outs & Billion -dollar stimulus packages

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fastfoot

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Trillian -dollar Bail-outs & Billion -dollar stimulus packages

posted on Feb 27, 2009 02:29PM

TRILLION-DOLLAR BAIL-OUTS
Huge amounts of money have been committed in financial support for banks.

BILLION-DOLLAR STIMULUS PACKAGES

Governments are spending billions of dollars to kick-start economic growth. Measures include tax cuts and building projects.

VICTIMS

The financial landscape has changed dramatically, with several giants of the business world disappearing.

UK BANK BAIL-OUT PACKAGE

The UK has spent £81bn to prop up Royal Bank of Scotland, HBOS and Lloyds TSB as well as nationalised Northern Rock and parts of Bradford & Bingley.

The Treasury and the Bank of England have pledged hundreds of billions of pounds of further support for the fragile banking system.

A £250bn credit guarantee scheme announced in October is being expanded to encourage banks to lend more, with a commitment of up to £50bn.