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Why is New Labour hurling yet more of our money at the banks?  The London ‘Metro’ screams that the latest deal is the “World’s biggest bank bailout.” It’s costing every household in Britain £2,000, on top of all the money wasted last time round 

This plan costs nearly £40bn, more than the £37bn the government pumped in to the banks a year ago. £40bn would build more than 1,500 schools, but the banks, we are told, are more important than our kids’ future. Brown boasted last year that he had ‘saved the world.’ Not quite, it seems. Now the banks are in further financial difficulties and back with their begging bowls.