The FSCS has published its plan and budget for 2011/12. It thinks the total levy bill is likely to be £240 million, around half of last year’s levy. Around half of this will be borne by the general insurance groups. However, an additional £336.6 million is likely to be required from banks to cover the interest costs of funding the 2008/9 bank failures. (Source: Press Release and Plan and Budget 2011/12: Financial Services Compensation Scheme)