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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Nick Clegg has sent a campaign leaflet to his constituents with no Liberal Democrat logo and minimal mention of the party.
Rain continues to move eastwards in the south tonight, the north, frosty with the clear skies.
Daily Dose, a short summary of the day's election campaign stories.