More than £66 billion of taxpayers' cash invested in RBS and Lloyds may never be recovered, a spending watchdog warned today.
The public accounts committee criticised the the Treasury for making a series of mistakes in its handling of Northern Rock, saying that officials were slow to react to the banking crisis because they lacked correct skills and understanding.
Margaret Hodge, chair of the committee, said the sale of the bank was handled well but still led to a loss for taxpayers of nearly half a billion pounds.
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A Leicester City fan who put a £5 bet on a 5000-1 that his team would win the Premier League could find himself £25,000 richer.
The psychiatrist brother of Chancellor George Osborne has admitted having sex with a vulnerable patient, a disciplinary panel has heard.
Some southern counties have seen their windiest winds of the winter so far today.