The protest, seen as the first of many, came as the UK government agreed to bail out the financial system to the tune of £500 billion. £20 billion goes to The Royal Bank of Scotland, while HBOS gets £17 billion. But this bill is on top of the £50 billion that was apid out to Northern Rock and Bradford and Bingley.
Today, Tuesday 14 October, inflation hit 5.2 percent, with energy bills going through the roof food prices continuing to rise.
The government and the media continue to label this move as “re-nationalisation” of the banks. But, as a Shop Stewards protest marched on The City on Monday morning, it was announced 62,000 jobs are expected to be lost over the next two years. The same day the UK unemployment figures reached 2 million.