Is there any truth in that you get nothing from the government if they fail as they own so much of it?

In the unlikely event, you would still be eligible for the safeguarded amount under the FSCS (financial services compensation scheme).

I have everything in the Halifax Tessa, Bonds and Shares. I'm beginning to think that it's time to take everything to another bank since the merger with Llyods TSB failed to help them out.

Is there any truth in that you get nothing from the government if they fail as they own so much of it?

Gerion