Hammond loses £2bn selling RBS shares - Magic Money Tree is alive

I've never seen anyone claim that.

However, those of us who are UK citizens and/or taxpayers have an interest, and a duty, to be aware of the actions of our government, and not to ignore their failings.
 
Kankerot said:
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?
Click to expand...
If the Tories get kicked out of office Hammond will need to call in a few favours from his friends in the City, you can't blame a bloke for wanting to look out for himself in this cruel neoliberal hell hole called the UK.
 
Well well. The carillon bankruptcy will cost the UK tax payers circa £500m with the accountancy and legal advisers taking in £150m.
 
But the Carillion bosses were great guys, right?

Just the sort of people the country needs, to help with a huge national project.

A nice big taxpayer-funded contract, for example.

Am I right?
 
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