Bank guarantee to be cut by £10K in 2016

[55palfers]

http://www.telegraph.co.uk/finance/bank-of-england...

This has been kept quiet.

[Magic919]

There was a thread on here yesterday.

[Cupramax]

55palfers said:

http://www.telegraph.co.uk/finance/bank-of-england...

This has been kept quiet.

It was on BBC breakfast this morning and its in the article you linked to so, apparently, it hasnt.

[Axionknight]

Labours core voters will be furious

[Jasandjules]

Thank goodness I don't have 76k in the bank... Oh, wait....

[markcoznottz]

It's nonsense anyway, purely political posturing to reassure those who don't understand how the system works, and to prevent one of two things the state fears most, in this case a run on a bank, the other being riots.

[L555BAT]

Magic919 said:

There was a thread on here yesterday.

http://www.pistonheads.com/gassing/topic.asp?h=0&f=206&t=1524393&mid=71655

[kazste]

Is this per bank? Ie if you have £150,000 and put £75,000 in hsbc and £75,000 in barclays are they both guarunteed? If so surely this is bad for banks business

[ninja-lewis]

kazste said:

Is this per bank? Ie if you have £150,000 and put £75,000 in hsbc and £75,000 in barclays are they both guarunteed? If so surely this is bad for banks business

Per banking licence. So you could have £75,000 in HSBC and £75,000 in Barclays as they have their own banking licences but you would be limited to £75,000 across both HSBC and First Direct because they share the same banking licence.

http://www.money.co.uk/guides/which-banks-count-as...