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It's still not the same as an old school bank run. The UK government guarantees the first £85000* of each depositors money (those with more are well advised to
by ajb 5y ago
It's still not the same as an old school bank run. The UK government guarantees the first £85000* of each depositors money (those with more are well advised to split it across multiple banks)
* It was somewhat less in 2007
- iso1210 5y agoAs Channel 4 said at the time > Deposit guarantees should prevent this. But even after an extraordinary unlimited lending facility granted by the Bank of England and agreed by the Chancellor, customers preferred the sight of real cash.