BRITAIN: Osborne Set to sell-off RBS & the loss to taxpayers this time – around £14-billion – Reports ‘
#AceNewsReport – Featured Report:June.10: According to reports a decision to be announced at the Mansion House was being made to sell-off, RBS that the UK taxpayer took a huge stake in back in 2008.
This was of course after bankers risked all on sub-prime mortgage market in the USA. Now the time has come to sell-off the stake. As with Lloyds and TSB banks. Of course the institutional investors will get lions share. These are amongst the ones that helped put us in the global crisis in the first place, including Wall Street bankers.
Anyway this time it will be a loss to the taxpayer of £14-billion. This of course is a drop in the ocean said one investment CEO today to the BBC almost justifying grand larceny under the guise of good business.
Today this was Reuters take by two writers on our chancellors deficit credentials, see what you think and let me know?
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FRIENDS,FOLLOWERS&READERS: June.05: As you may have all noticed l recently put in place Ace Tweet News and it can be found at https://acetwitternews.wordpress.com/ and our new Twitter site @AceTweetNews together with Tumblr at:
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Next all featured posts and articles will be posted here as from June.08 2015 https://acenewsgroup.wordpress.com with a reblog for those who just want to read the introduction and snippet and a link to all other posts with links as before.
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Ian Kevin Draper
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#AceFinanceNews – BRITAIN – Dec.03 – Well the Chancellor has updated us on the state of the economy since his last statement: Here it is in key points courtesy of BBC UK reporting live. Read More and Share: Editor.
#AceFinanceNews – Latest post – Nov.16 – ‘ IN VAIN HOPE TO STIMULATE THE ECONOMY G20 NATIONS PLAN TO BOOST GDP BY $2 TRILLION ‘.