Osborne's RBS 'gift' to taxpayers is an insult
Thursday 21 February 2013
Printable
EmailGeorge Osborne's plan to give taxpayers "a gift" of £300 of Royal Bank of Scotland shares prior to the next general election is an insult to British taxpayers who had to bail out the bank to the tune of £45 billion.
Apart from the fact the British taxpayer already owns the bank, it does not go anywhere near compensating us for the full amount we all paid out to keep the bank afloat.
Neither does this paltry sum compensate us for the financial losses through pay cuts or freezes most of us have suffered and will continue to suffer because of the negligent actions of greedy bankers.
Spivs in the corporate banking sector caused this financial crisis and honest, hard working people are the ones that have suffered.
If we borrow money from the banks we are expected to pay it all back.
As a bank the RBS should practise what it preaches and pay back every penny, with interest it owes to the taxpayer.
Public anger is still fresh over exorbitant bankers bonuses, mis-selling of financial products and interest rate manipulation.
You would think in view of this that the banks would be contrite and want to keep their heads down.
Not so - greedy bankers want to put their snouts in the trough again in a privatised bank safely away from public scrutiny.
Modesty forbids me from suggesting where Mr Osborne can put his £300 "gift."
Ian Kirkham
Chorleywood
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