Osborne to reveal banking measures

AOL Money Staff
George Osborne
George Osborne

Savers will be given extra protection from bank collapses despite fears the measures will push borrowing costs up for households, the Chancellor is set to confirm this week.

George Osborne's Mansion House speech on Thursday is expected to reveal controversial proposals for depositors to get their money back ahead of bondholders and other creditors if a bank collapses, according to The Sunday Times.