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Treasury predicted SCF's failure early on

Friday 15th of April 2011

In a report dated March 8, Treasury estimated "it is probable that SCF will default under the existing Crown Guarantee in or around June 2010."

It was then estimating such a default would cost the government nearly $700 million, including interest.

The report was among about 200 government documents relating to SCF released today.

In an update dated May 18, John Park, the g...

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