UK Financial Investments, a government body that manages the British taxpayer's stake in bailed-out banks, is projected to incur costs totalling £23.9m ($40.6m) from the period 2009/10 to 2013/14, notes the institution's Business Plan.

Of the £4.5m expenditure projected for 2009/10, £2.6m is for wages, £1.2m for external contractors, £0.5m for costs associated with outsourcing and premises, and £200,000 for miscellaneous costs.

The report notes that staff and external audit costs have been