You are indeed correct and I have since made inquries. As I said in my posting that I was not sure of the latest amount covered by the deposit protection.
The reason that I posted was for people who were not aware of the underwriting by the BOE and for some comfort for people with smaller amounts invested.
NR, may get taken over and re branded the risk associated with financial institutions will always be there. If a depsitors wants to be 100% safe then they should think of Gilt edge schemes. Naturaly the rates offered will be much lower.
After a while the NR saga will be forgotten like Johnson Matthey, BCCI, Barings, Equitable life Henry.