Fears grow over UK's exposure to Dubai - papers

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Fears are growing over Britain's exposure to the financial turmoil in the stricken Arab state of Dubai, reports the Daily Mail.

UK banks account for half the £60billion of global loans to the debt-laden emirate, new statistics show. State-controlled giant Royal Bank of Scotland has helped lead the charge, provoking fears that taxpayers could be stung if the loans go unpaid. The Treasury has already injected £45.5billion into RBS, which became a watchword for reckless lending. Read more Businesses and consumers remain wary about the economic outlook, amid signs the nascent recovery could easily be derailed. The CBI's Service Sector Survey reported an 'unexpected fall in sales' for the last quarter. In bus...

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