Your share of the bank bailout
Today co-chair of the Liberal Democrat Parliamentary Treasury committee Stephen Williams has announced policy proposals to give shares in RBS and Lloyds to the British people.
In his pamphlet “Getting your share of the banks” Stephen Williams argues that the mass distribution of stakes in the banks is the fairest way of giving taxpayers a share of the rewards while ensuring the Treasury returns its investment.
Commenting, Stephen Williams said: “There is danger that when the banks return to the private sector, it is business as usual. There is a general feeling in this country that we need to get something positive in return for the bailout.
“HM Treasury needs to recover the approximately £66 billion it spent bailing out the two banks. There is a general feeling in the country that we need to get something positive in return for the bail out.
“This pamphlet puts forward an idea for giving us all a stake in the banks, for HM Treasury to clear its debt and restore public confidence in the state owned financial institutions.”
