Taxpayers may make £27 billion from bailing out banks during the economic downturn

The taxpayer is set to make a £27 billion return from bailing out two financially marred banks during the recession, according to The Banker magazine. The money made from the future sale of the government stakes in Royal Bank of Scotland and Lloyds Banking Group would be enough to fund the UK's primary schools for a year or could help the state to reduce its debt to 1.1 per cent of GDP. The investment return figure is expected to include £19 billion of share price gains, £2 billion in fees for guaranteeing bank bonds, £1 billion in loan fees and £5 billion in fees for the Asset Protection Scheme.