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PPI Claims - About PPI

PPI Claim News - 22/2/2010

 
Bank Reclaim: People's bonus from bail out banks

Taxpayers could be offered discount shares in the state-owned bail out banks, under new Conservative proposals revealed yesterday.

Shadow chancellor George Osborne said individuals could be offered the chance to purchase some of the government's stake in taxpayer-funded banks the Royal Bank of Scotland (RBS) and Lloyds Banking Group (LBG).

Announcing the plans, Mr Osborne said: "The bankers have had their bonuses. We want a people's bank bonus for the people's money that was put into these organisations.

"Taxpayers bailed out the banks, so they deserve a 'people's bank bonus' when the time comes to sell the government shares."

The initiative draws comparison to when former Tory prime minister Margaret Thatcher offered the public a stake in the 1986 sell-off of British Gas.

It is hoped the "people's bonus" will allow members of the public access to financial gains in a similar way that the bankers have been repeatedly rewarded, despite the economic crash.

The government may be keen to sell off their holdings at RBS after it was revealed the bank is expected to report losses of up to £5 million for the 2009 financial year.

If you would like to make a credit card charges claim to get back all your late payment / over limit fees in the last 6 years from RBS then fill out the Quick Claim or call Belmont Thornton on 0845 526 0000.ADNFCR-2776-ID-19627835-ADNFCR



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