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March 28th, 2012 
FAKE NEWS for the Zionist agenda The current share price at which the British government plans to sell its stake is almost half the price it paid in 2008, when the British government invested £45.5bn of British taxpayers’ money to rescue the bank from collapsing.
In an interview with the BBC, a Treasury spokesperson has claimed that the government’s plan is “to repair and return RBS to full health so that it is able to support the UK economy in the future, and the current strategy is working to achieve that.”
However, Liberal Democrats have voiced their opposition to the government’s decision describing it “the worst” plan.
“Flogging off RBS shares this year at a loss would be the worst of all worlds. We poured £45bn into RBS to save it and make it lend, not as a share punt,” said Lord Oakeshott, the former Lib Dem Treasury spokesperson.
“Liberal Democrats will work to stop this selloff and secure a proper medium term plan for RBS, with net business lending targets as in our coalition agreement,” Oakeshott added.
Moreover, while the Treasury claims that the government’s aim is to “return RBS to the private sector,” John Redwood, the chairman of the Conservative Economic Affairs Committee, warned against the selloff saying it “will not get the boost to competition and a better structured banking sector.”
ISH/MB/HE
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