IMF: Fifth of Britain's GDP spent so far on bailouts

At the Guardian:

Alistair Darling has already spent almost a fifth of Britain's GDP on bailing out its shattered banking system - more than any other major economy, according to a grave assessment of the world financial crisis published today by the International Monetary Fund.

Sure sounds like a lot, but it's nothing compared to the US government's unfunded liabilities exceeding the size of the entire world's economy.

Hat tip: SOTT.