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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It will be cold and frosty across the north of the UK tonight, with some icy patches in the west.
The quartet failed to impress with their version of Something About The Way You Look Tonight.
Temperatures are expected to rise today and tomorrow, with heavy rain expected tomorrow. Melting snow plus heavy rain could mean trouble.