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2008 United Kingdom bank rescue package
A bank rescue package totalling some £500 billion (approximately $850 billion) was announced by the British government on 8 October 2008, as a response to the ongoing global financial crisis. After two unsteady weeks at the end of September, the first week of October had seen major falls in the stock market and severe worries about the stability of British banks. The plan aimed to restore market confidence and help stabilise the British banking system, and provided for a range of short-term loans and guarantees of interbank lending, as well as up to £50 billion of state investment in the banks themselves.
== Background ==
The announcement came less than 48 hours after Britain's leading share index, the FTSE100, recorded its largest single-day points fall since 1987.〔 〕 A similar bailout package had been passed in the United States the previous week, as the Emergency Economic Stabilization Act of 2008.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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