Summary
SAVERS could see virtually all bank accounts protected by the Government if the financial crisis worsens, the Chancellor signalled yesterday.
In a desperate move to prevent an exodus of savers, Alistair Darling brought forward a provision to boost the state deposit guarantee from [pounds]35,000 to [pounds]50,000. Joint accounts will be covered up to [pounds]100,000.See the full content of this document
Extract
And Savers Get [Pounds]50,000 Guarantee to Halt Exodus
But the Chancellor said the City watchdog will consider boosting the limit yet further after studying systems elsewhere in the world. There were reports last nig...
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