What is the difference between a LOAN and a SUBSIDY ? HMG obviously do not understand the difference, do you ? 
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OK, I'll bite although I should know better.
Without resorting to a dictionary I'd say that a LOAN was money given which must be paid back (with or without interest). But a subsidy is money given to enable the recipient to charge an otherwise unrealistically low price for a product or service. Subsidies are essentially gifts, i.e. the money need not be paid back.
I'll assume I've failed
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You score 100% Platypus.
The reason I posted the question is because HMG have stated that funds given to Northern Rock was a SUBSIDY and thus this wiped out value in the company for valuation purposes so shareholders should get nothing.
We all know though that the 25 Billion was a LOAN and was being repaid with interest, and so far many billions have already been repaid. So HMG are proven yet again to be unfit for government of this country, being liars and thieves.
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