Submitted on Saturday 25th November 2017
Rejected on Friday 1st December 2017
Current status: Rejected
Rejection code: duplicate (see below for details)
Ensure public RBS shares are only sold if they at least cover cost of bailout.
The chancellor and conservative party have said they are looking to sell the publicly owned RBS shares at a loss of £26bn to the taxpayer. This year RBS recorded a profit of £939mil. This would also allow the bank to move its headquarters offshore following brexit.
At a time in which our government is cutting public services couldn't these profits be used to fund our ailing health, defence and welfare services? Should the government sell these shares, it would be actively taking steps to harm the UK economy and leave the Taxpayer with a £26bn hole in their pockets. Regardless of political affiliation and beliefs on privatisation, we should hope that any government has the sense to only sell shares at a rate which at the least covers the initial cost, if not turns a profit.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
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petition.parliament.uk/petitions/206036
18.188.108.54 Sat, 04 May 2024 13:49:05 +0100
