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