FTSE slips in morning trading

UK banking stocks slipped into the red today as the full level of public sector support for the financial sector was revealed.

FTSE slips in morning trading
Fri, 04 Dec, 2009 - 11:14

UK banking stocks slipped into the red today as the full level of public sector support for the financial sector was revealed.

The National Audit Office (NAO) said the total drag on the public purse runs to £850bn (€564.345bn) if state guarantees and insurance are taken into account.

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CourtsBusinessFTSEPlace: UKPlace: USPlace: LondonOrganisation: FTSEOrganisation: National Audit OfficeOrganisation: NAOOrganisation: FootsieOrganisation: Standard CharteredOrganisation: JP MorganOrganisation: Royal Bank of ScotlandOrganisation: RBSOrganisation: Lloyds Banking GroupOrganisation: EasyJetOrganisation: British AirwaysOrganisation: BAOrganisation: CitigroupOrganisation: Berkeley GroupOrganisation: BellwayOrganisation: BerkeleyOrganisation: Redrow
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