
Lobbydog says that would be a major blow for Labour politically – even if in time it has a positive effect.
Coffee House correctly point out that a second bail out would lay the ground for the key political clash of the new year.
The Tories will say the need for further action proves what has been done so far hasn’t worked.
Labour will say another bail-out shows they are willing to do “whatever it takes.”
But the banks have shown they’re slow reacting to Government action so any benefit would be delayed.

I’m itching to see how the Labour spin machine would play it, and if an eager Ken Clarke would be brought in to pick apart their plan.