More losses at Egg

Egg Banking Plc's accounts recently filed at Companies House do not make happy reading. Losses for 2009 amount to £211 million with an additional tax charge of £50 million. Four years ago Egg's total assets were £11 billion, at the end of 2009 they were £5.8 billion. Advances at the end of 2005 were £7+ billion, 2006 £6+ billion, 2007 £5+ billion, 2008 £4+ billion and 2009 £3+ billion. At this rate by the end of 2012 it won't be lending anything! No wonder the bank's up for sale!