Just a thought, if Darling is going to go through with the rumoured recapitalisation of banks and building societies it would be in the Governments interest to let the banks sweat, shake as many people out of the market as possible (loosing loads of money) then pump all the rescue funds into bank preferential shares making loads of money for the Government coffers, probably in quite a short space of time (months rather than years).
Unless i've missed something this could be one hell of a stealth tax!
I've signed up for a share dealing account although the one i've picked is going to take days to set up
Hope it's not too late to miss the what could be a possible low for banks. I'd be interested to hear if anyone knows of an account I can set up a little more quickly ? HELP
BIAEGHH...No idea, i'll be trawling through the financials again, if they have any information then i'll post it. Regarding savers, at a guess i'd say any money in an Icelandic bank account will be covered by the £50K protection scheme (apparently there are 300,000 UK savers in Iceland).