SamuelRSmith on 13 June 2009
Basically, in the UK, the Government nationalised and part-nationalised a lot lot of the financial sector - that's what the bailout was - we'll give you money in exchange for temporary control. This provided the financial sector with a huge boost in funds, but also made the banks a whole lot more stable, which increased consumer confidence.
As such, the banks that took on this option have been quite successful, and the profits have gone towards paying the Government back, to which the Government responds to by lowering the amount of control that it has.
