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23 February 2012

Should we be given shares in RBS?

The Royal Bank of Scotland has announced losses of £2 billion for 2011, up from £1.1 billion in 2010. The bank has now made losses in each of the past four years since it was bailed out by the Government to the tune of £45.5 billion. It’s been suggested that the bank should give the taxpayer-owned shares to us, the taxpayers, on the proviso that any profit when they are sold is split between the Treasury and the shareholder. What do you think of this idea? Should we be given the shares? Or should the bank be left to get its house in order with a view to being sold?

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