- Joined
- 1 Apr 2016
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With MPs like this in charge we have no hope. This is an utter disgrace.
https://www.theguardian.com/business/2018/jun/05/hammond-forced-to-defend-rbs-shares-sale
Philip Hammond has been forced to defend the government’s decision to sell part of its stake in RBS after an overnight sale of shares left taxpayers nursing a £2bn loss.
Prem Sikka, emeritus professor of accounting at the University of Essex, said: “Why sell? Taxpayers bailed out the bank and when there is a glimpse of recovery and profits, the government sells it at a loss to ensure that profits are collected by its friends in the City.”
I wonder how anyone can defend that?
https://www.theguardian.com/business/2018/jun/05/hammond-forced-to-defend-rbs-shares-sale
Philip Hammond has been forced to defend the government’s decision to sell part of its stake in RBS after an overnight sale of shares left taxpayers nursing a £2bn loss.
Prem Sikka, emeritus professor of accounting at the University of Essex, said: “Why sell? Taxpayers bailed out the bank and when there is a glimpse of recovery and profits, the government sells it at a loss to ensure that profits are collected by its friends in the City.”
I wonder how anyone can defend that?