FSA chief: Bailout bill may hit £140bn - papers

Lord Turner believes the UK's rescue of its banks would cost no more than 5-10% of national income, which stood at £1.4trn last year, according to the Daily Mail. However, his £70bn-£140bn estimate is significantly higher than other official projections. Read more SENIOR TORIES expressed growing unease over the Lord Ashcroft tax saga as new evidence emerged to contradict the billionaire donor's account of how he became a peer, reports The Times. The party's deputy chairman shocked colleagues when he revealed he had not paid tax on his overseas fortune since becoming a member of the...