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The nationalised bank where HMG is the majority (84%) shareholder when HMG invested £45bn can function as a HMG investment banking arm for UK plc

Submitted on Wednesday 14th December 2011

Published on Monday 19th December 2011

Current status: Closed

Closed: Wednesday 19th December 2012

Signatures: 1

Tagged with

British ~ UK

Petition Action

The nationalised bank where HMG is the majority (84%) shareholder when HMG invested £45bn can function as a HMG investment banking arm for UK plc

Additional Information

HMG becomes the majority (84%) shareholder when HMG invested £45bn on a nationalised bank. The bank should function as a HMG investment banking arm & can make profits by saving costs & invest in British industries' promising manufacturing projects. It cost a few billions to support British industries which are likely to that have countless beneficial & profitable returns for UK plc. Why can’t the nationalised bank invest R&D in promising projects (like aerospace, IT) of British companies, as well as supporting their cash flows to tie them over financially in the short term? This will stimulate British industry & save jobs. The nationalised bank can be key players in consortiums to privately fund projects; like building an airport on an artificial island, which apart from relieving congestion & pollution has the benefit of stimulating jobs in British industries. HMG can act as an imaginative tycoon by investing & setting up new British companies/businesses & making good returns.


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