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Volume 10 No. 25
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Taxpayer Foots Bill For RBS Wimbledon Hospitality

The Royal Bank of Scotland's decision to cancel its corporate hospitality at Wimbledon means that "the taxpayer is paying" £260,000 ($403,000) to rent an empty room, according to Jack Malvern of the LONDON TIMES. The cost "will be borne by taxpayers as the government owns a majority stake" in the company after its £20B ($31B) bailout in '08 (LONDON TIMES, 6/27).