Submitted on Tuesday 4th August 2015
Published on Wednesday 5th August 2015
Current status: Closed
Closed: Friday 5th February 2016
Signatures: 821
Immediately stop selling (publicly owned) RBS shares at a loss to the taxpayer.
Government is rushing through the sale of RBS shares at a massive £13bn loss to taxpayers. We own 79% of RBS. Rather than selling off these shares to city traders who want business as usual; the government should be reforming the bank; waiting to sell the shares at a profit so the nation benefits.
RBS bosses warned that it would take decades to get back the money used to bail out the failing bank (http://www.thesundaytimes.co.uk/sto/business/Finance/article1495758.ece), yet the government is rushing ahead with these low value sell offs anyway.
Pre-election Osborne promised that we'd get back the £45.2bn spent to save RBS from collapse.
Post-election, he is pushing through £12bn of damaging welfare cuts, whilst losing out on at least £13bn by selling these shares too quickly.
You can't sign this petition because it is now closed. But you can still comment on it here at Repetition.me!
3.141.7.140 Thu, 14 Nov 2024 18:10:39 +0000
