Other countries are quelling depositor fears by offering unlimited guarantees for bank depositors.
The UK government is unique in world terms because it is constrained by the FSCS, this is the 'fund of last resort' for investors and it is the financial services industry which contributes to it, not the government. If the liabilities were unlimited the whole regulatory system would fall apart and so would those it regulates. Who can we thank for that? Ask Mr Brown.
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