However a recent report by the Culture, Media and Sport Select Committee denied that figure, quoting Culture Minister Ed Vaizey as saying the estimate was "very wide of the mark" and that a "truer picture would be about a 10th of that".

BBC: Jeanette Winterson calls for library expansion

At the very instant that Northern Rock and Royal Bank of Scotland both collapsed and needed to be rescued, they looked the picture of health on the Basel measures.

BBC: If banks are treated as naughty kids...