Friday, 27 February 2009

How much is £325 billion?

RBS has just received Government backed guarantees on £325 billion of its toxic assets.

Big number. To put it into some sort of context, that's just over £50 for every single person on the planet.

Wonder how many of the world's population survive on less than £50 a month. A high proportion I'd wager.

Well done RBS, that sort of achievement deserves reward and recognition. Take a bow Sir Fred, you must be very proud. You can contemplate the wisdom of your reign at your leisure, while you work out how to eke a living out of your £650,000 annual pension.

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