Today mark a remarkable take over of many of the UK banks in order to bring calm to this financial worldwide crisis. What appears to a victim of these takeovers is the loss of top jobs in the banking sector. The RBS Boss Sir Fred Goodwin stepped down in rumour it was part of the conditions to inject billions of pounds of UK tax paying money into RBS, to save it from collapse.

RBS of course owns Green Flag Breakdown cover as well as many other insurance companies such as Direct Line and Privilege. In theory this may mean that when you ring your Green Flag breakdown Cover Emergency service, you are in fact calling a government owned organisation, or to be more exact you and me as tax payers.

We have yet to figure out if this rescue deal puts any other breakdown cover company under government control or not, until all the details of all banks and money used to buy shares becomes more available. It might be that when you pay your annual breakdown cover premium you are putting money back into the tax system, or hopefully at the very least, your purchase could increase the value of shares, so when those shares are sold, there is a profit to go back to the people of the UK.

I bet you never thought about that, the last time you bought breakdown cover. Let’s hope this brave decision gets the UK economy back on its feet and the confidence back into buying financial products ad services again.