UK bank bail-out

Tough new rules are being brought into force in an attempt to limit banks’ power. And it’s badly needed, argues Nick Louth.

The taxpayer has invested billions into the UK banking sector, but is this throwing good money after bad or could it be a good deal in the long run?

Businesses, home buyers and consumers have been frustrated that their attempts to fight back against the recession by investing, getting a mortgage or consuming have been stymied by a failure of the banks to supply the funds required. But how is the government's latest rescue plan exactly going to work?