Comments on: Northern Rock http://downingstreetsays.com/briefings/2007/09/17/4714 Every day the Prime Minister's Spokesman meets a small coterie of political journalists known as 'the lobby' for a topical chat, or 'briefing'. Tue, 02 Dec 2008 01:59:29 +0000 http://wordpress.org/?v=2.2.2 By: George http://downingstreetsays.com/briefings/2007/09/17/4714#comment-6715 George Mon, 17 Sep 2007 18:12:28 +0000 http://downingstreetsays.com/briefings/2007/09/17/4714#comment-6715 I understand that savers can recover the first full £1000 and then only 90% of the next £33,000. Why this arbitrary figure? If companies going bust are happily doled out, why can't the government pass a law to reassure ordinary savers that all the savings are safe, say up to a million pounds. I understand that savers can recover the first full £1000 and then only 90% of the next £33,000.

Why this arbitrary figure? If companies going bust are happily doled out, why can’t the government pass a law to reassure ordinary savers that all the savings are safe, say up to a million pounds.

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