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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Showers in the north, perhaps turning heavy at times but becoming drier in the south towards the afternoon.
Police have stepped up their search for Younes Abouyaaqoub, believed to be at the centre of the investigation into the Las Ramblas attack.
The proportion of adults in families owning more than one property has surged, while the number of those with no property wealth also grew.