Why the rush to end public ownership of banks?
Why the rush to end public ownership of banks?
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PeteinSQ

Original Poster:

2,346 posts

234 months

Friday 30th July 2021
quotequote all
Why is the government in a rush to get out of its ownership of banks now that they're returning to profitability?

https://www.theguardian.com/business/2021/jul/30/n...

Obviously it's not exactly core to what the government needs to be doing but if an enterprise can be state owned but run as if it was a private enterprise and make big profits that go to the Treasury why not keep them in public ownership? Especially if in this case we paid out more to nationalise the asset in the first place than we're going to make by selling it off?

tangerine_sedge

6,218 posts

242 months

Friday 30th July 2021
quotequote all
Privatise profits and nationalise losses. That's how you keep Tory donors happy.