Investors accuse British Govt of 'legalised theft'

Investors in nationalised Bradford & Bingley accused the British Government of “legalised theft” today as the failed bank’s valuer told them they may not receive news of any payouts until next summer.

Peter Clokey, who will receive up to £4.8m to calculate a compensation package from the Government, told shareholders it would take up to a year to produce his results.