Taxpayer gets £4bn back over banks

The state-owned firm responsible for winding down the mortgage books of failed lenders Bradford & Bingley and Northern Rock increased its repayments to the Treasury by £1.2 billion in 2012.

UK Asset Resolution (Ukar) said it paid £4 billion to the taxpayer in 2012, up from £2.8 billion a year earlier.%VIRTUAL-SkimlinksPromo%