So, do you want some free RBS shares?
Discussion
http://uk.reuters.com/article/2011/06/23/uk-britai...
http://www.bbc.co.uk/news/uk-politics-13884271
Can't quite make up my mind on this. On the one hand, you could say that we've already paid for them. On the other hand, surely if you distribute a large number of the shares, it removes the opportunity for the Treasury to make a profit on its investment.
Giving them a floor price seems a bit strange too... especially if it "is estimated at 74p per share for Lloyds and 51p for RBS". Current prices: Lloyds 46p, RBS 37p. How would you stop people selling now and putting the government at a loss?
http://www.bbc.co.uk/news/uk-politics-13884271
Can't quite make up my mind on this. On the one hand, you could say that we've already paid for them. On the other hand, surely if you distribute a large number of the shares, it removes the opportunity for the Treasury to make a profit on its investment.
Giving them a floor price seems a bit strange too... especially if it "is estimated at 74p per share for Lloyds and 51p for RBS". Current prices: Lloyds 46p, RBS 37p. How would you stop people selling now and putting the government at a loss?
Treasury is irrelevant, they will create whatever money they want. As evidenced by the deficit.
In effect RBS and Lloyds shares were stolen from the taxpayer anyway, so its simply giving them back. Though they would be better off just giving everyone a tax cut, same effect. IMO bring the tax free allowance increase forward.
Treasury doesnt need to make any money back from anywhere, nor do they need tax receipt except to help manage the money supply and inflation.
In effect RBS and Lloyds shares were stolen from the taxpayer anyway, so its simply giving them back. Though they would be better off just giving everyone a tax cut, same effect. IMO bring the tax free allowance increase forward.
Treasury doesnt need to make any money back from anywhere, nor do they need tax receipt except to help manage the money supply and inflation.
Badly worded. Both of them should be dead, but were bailed out by the taxpayer, so in effect the shares are already owned by the tax payer. So for treasury to have them when its the tax payer who is paying means they are in the wrong hands. (ie) The money to bail them out/buy the shares has been stolen from the tax payer.
ringram said:
Badly worded. Both of them should be dead, but were bailed out by the taxpayer, so in effect the shares are already owned by the tax payer. So for treasury to have them when its the tax payer who is paying means they are in the wrong hands. (ie) The money to bail them out/buy the shares has been stolen from the tax payer.
In the same way as I own 14 bus stops, a section of the A1 near Newark, the River Taff (left bank) and a park bench? Don't be ridiculous. The people do not own what is owned by the Treasury. Those shares were bought from their owners.Gizmo! said:
ringram said:
Badly worded. Both of them should be dead, but were bailed out by the taxpayer, so in effect the shares are already owned by the tax payer. So for treasury to have them when its the tax payer who is paying means they are in the wrong hands. (ie) The money to bail them out/buy the shares has been stolen from the tax payer.
In the same way as I own 14 bus stops, a section of the A1 near Newark, the River Taff (left bank) and a park bench? Don't be ridiculous. The people do not own what is owned by the Treasury. Those shares were bought from their owners.Typically they make things much more complicated than then need to be and the only people who will really make money from this scheme is brokers.
Why don't they, when they decide to sell the banks, take the profit made and decide ho much they want to keep and how much they want to give the taxpayer. Once this amount is agreed split it up and give all taxpayers a rebate...simples
Why don't they, when they decide to sell the banks, take the profit made and decide ho much they want to keep and how much they want to give the taxpayer. Once this amount is agreed split it up and give all taxpayers a rebate...simples
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