- ThisbecameclearwiththeTreasury'sfirsttrancheofcutsinMay,mainlyindepartmentalbudgets.TheTreasuryinsuranceschememeansbankswillhavetopaythefirsttrancheofanylossoninvestments,withthetaxpayerinsuringaround90%.Lastyear,RioTinto,aninternationalmininggroup,...
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