Unite's joint general secretary, Derek Simpson said,
"This new rescue package appears to be only one step removed from full-blown nationalisation. The Government is rightly taking increasing control of the banks in order to support jobs and the economy. The Government must continue to do what it takes to protect homeowners, savers and business."
There are hundreds of thousands of people employed in the British retail banks - these jobs support jobs on the high street - they are crucial to the wider economy, they must be protected. RBS employs 100 000 staff alone, it 's preparing to post the biggest loss in corporate history. The Government must make job protection one of the conditions for increasing its stake in the banks.
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