So where did all the money go? Photo: REX FEATURES/BANK OF ENGLAND/CML So here, for any of you who might have forgotten, is a quick reminder: some £76bn from the Treasury to buy shares in RBS and Lloyds Banking Group ; £200bn worth of lender-of-last resort liquidity support provided by the Bank of England to stricken banks at the height of the crisis; £250bn of wholesale lending guaranteed by the Bank through the credit guarantee scheme; £185bn of loans to banks through the Special Liquidity Scheme; £40bn of loans and other funding to Bradford & Bingley and the Financial Services Compensation Scheme. Then, deep breath, there is the £200bn of liabilities taken on board from the Asset Protection Scheme, and the £200bn of cash poured into the economy through quantitative easing . It isn't really fair to add this all together – some of the cash is merely guarantees rather than actual pledged money, some isn't technically a fiscal injection; much of it will, in time come back to the Government – but if you did you would find that the total amount of cash poured, in one way or another, into the economy is well above £1 trillion.[Read more...]