Some rough numbers on Northern Rock

The Government has bailed out Northern Rock by supplying them with £25bn loans. This is corporate welfare at the worst I can think of. A few rough numbers.

• 29.5 million tax payers in 2006-07.
• Each individual tax payer will loan £847.50 to the Rock.
• A rough estimate is the loans value to around £1bn subsidy outright. That is £33.90 each tax payer has given the rock.