UK law provides taxpayer backed guarantees to a fixed balance per saver per bank; if NR had been allowed to collapse the UK taxpayer would've been on the hook f

UK law provides taxpayer backed guarantees to a fixed balance per saver per bank; if NR had been allowed to collapse the UK taxpayer would've been on the hook for that amount. And I agree that bankrupticies must be possible and are a good thing for businesses as a whole; Too Big To Fail explicitly works against this. NR was big enough regioinally that it'd have caused major economic damage to that (already fragile) region had it been allowed to go down.