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15 billion giveaway of tax payers money

big_cod

By big_cod
in Non-Fishing Chat

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big_cod Member

big_cod

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Don't let me hear another word about about saving money to cut the so called deferceite 15 billion giveaway to mainly institutions not your average investor .

 

Osborn recently stood up and said we want the best for the tax payer we bought the shares for over £5 per share and they are going to sell them at £3 to there friends in the city absolutely shocking .

http://sea-otter2.co.uk/

Probably Whitby's most consistent charterboat

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big_cod Member

big_cod

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Who bought the shares for £5.00?

The last labour government but mr osborn is going to sell them on cheap why didnt they sell them months ago when they were a lot more in value .

 

Just watched Channel 4 news and it exposed the massive giveaway osborn is doing NOT a good deal for the tax payer but a very good deal for the city.

 

Paul

http://sea-otter2.co.uk/

Probably Whitby's most consistent charterboat

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Steve Walker Member

Steve Walker

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Because if he had he would still have had Unison's world renowned expert on global finance (hur hur) saying on the radio that he should hang onto them a bit longer while the price goes up?

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Phone Member

Phone

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Big Cod,

 

15 billion? Soon you will be talking about real money For example, New York subway system is $35 billion in debt and "not worried".

 

“There are two times in a man’s life when he should not speculate: when he can’t afford it, and when he can.” — Mark Twain

 

Phone

 

 


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barry luxton Member

barry luxton

Posted
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Don't let me hear another word about about saving money to cut the so called deferceite 15 billion giveaway to mainly institutions not your average investor .

 

Osborn recently stood up and said we want the best for the tax payer we bought the shares for over £5 per share and they are going to sell them at £3 to there friends in the city absolutely shocking .

 

nothing stopping you from buying some as a tax payer, go for it, get in. :D

  • Like 1

Free to choose apart from the ones where the trust poked their nose in. Common eel. tope. Bass and sea bream. All restricted.


New for 2016 TAT are the main instigators for the demise of the u k bass charter boat industry, where they went screaming off to parliament and for the first time assisting so called angling gurus set up bass take bans with the e u using rubbish exaggerated info collected by ices from anglers, they must be very proud.

Upgrade, the door has been closed with regards to anglers being linked to the e u superstate and the failed c f p. So TAT will no longer need to pay monies to the EAA anymore as that org is no longer relevant to the u k . Goodbye to the europeon anglers alliance and pathetic restrictions from the e u.

Angling is better than politics, ban politics from angling.

Consumer of bass. where is the evidence that the u k bass stock need angling trust protection. Why won't you work with your peers instead of castigating them. They have the answer.

Recipie's for mullet stew more than welcomed.

Angling sanitation trust and kent and sussex sea anglers org delete's and blocks rsa's alternative opinion on their face book site. Although they claim to rep all.

new for 2014. where is the evidence that the south coast bream stock need the angling trust? Your campaign has no evidence. Why won't you work with your peers, the inshore under tens? As opposed to alienating them? Angling trust failed big time re bait digging, even fish legal attempted to intervene and failed, all for what, nothing.

Looks like the sea angling reps have been coerced by the ifca's to compose sea angling strategy's that the ifca's at some stage will look at drafting into legislation to manage the rsa, because they like wasting tax payers money. That's without asking the rsa btw. You know who you are..

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barry luxton Member

barry luxton

Posted
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The last labour government but mr osborn is going to sell them on cheap why didnt they sell them months ago when they were a lot more in value .

 

 

 

Paul

 

on advice from the bank of England now is the right time to put public money into the bank.

 

Don't forget who sold the gold at a record low, who advised that dork.

Free to choose apart from the ones where the trust poked their nose in. Common eel. tope. Bass and sea bream. All restricted.


New for 2016 TAT are the main instigators for the demise of the u k bass charter boat industry, where they went screaming off to parliament and for the first time assisting so called angling gurus set up bass take bans with the e u using rubbish exaggerated info collected by ices from anglers, they must be very proud.

Upgrade, the door has been closed with regards to anglers being linked to the e u superstate and the failed c f p. So TAT will no longer need to pay monies to the EAA anymore as that org is no longer relevant to the u k . Goodbye to the europeon anglers alliance and pathetic restrictions from the e u.

Angling is better than politics, ban politics from angling.

Consumer of bass. where is the evidence that the u k bass stock need angling trust protection. Why won't you work with your peers instead of castigating them. They have the answer.

Recipie's for mullet stew more than welcomed.

Angling sanitation trust and kent and sussex sea anglers org delete's and blocks rsa's alternative opinion on their face book site. Although they claim to rep all.

new for 2014. where is the evidence that the south coast bream stock need the angling trust? Your campaign has no evidence. Why won't you work with your peers, the inshore under tens? As opposed to alienating them? Angling trust failed big time re bait digging, even fish legal attempted to intervene and failed, all for what, nothing.

Looks like the sea angling reps have been coerced by the ifca's to compose sea angling strategy's that the ifca's at some stage will look at drafting into legislation to manage the rsa, because they like wasting tax payers money. That's without asking the rsa btw. You know who you are..

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Dave H Member

Dave H

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How can he possibly blow billions of our money and then cut benefits again and again and again.

There was some guy who spent a fraction of that and got jailed for 15 years!!

 

A totally ignorant and out of touch government!


There is not one thing different between ideology and religeon
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Sportsman Member

Sportsman

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I am finding it hard to follow some of the reasoning. I don't see where anyone has blown or spent 15billion.

The government in 2008 bought the shares at 5.00 each to prop up the ailing bank. Since then the value of these shares has reduced to their current value of 3.00 each. The choices are to hang on and hope the value rises (it is also possible that the value will continue to drop) or to sell some of the shares now to recoup SOME of the money spent in 2008.

The only people who stand to make any money are:

The people who actually sold the shares in 2008 buying them back today. Has anyone claimed that has happened?

Anyone who buys the shares today at 3.00 in the hope that at some unspecified time in the future, their value will rise.

 

I very much doubt that the Chancellor woke up one morning and thought "I think I will sell some of those RBS shares at a low price today, so that my chums in the city can make a killing" I would imagine that teams of treasury officials and civil servants have been having scores of meetings to discuss the issue and have decided that on balance, it might be a good idea to sell some shares at their current value. Once the decision has been taken Mr Osborne would be informed of the fact so that he can make the public announcement.

I could be mistaken though. I thought I was mistaken once before but when I checked I was wrong.

  • Like 2

Let's agree to respect each others views, no matter how wrong yours may be.

 

 

Never attribute to malice that which can be adequately explained by stupidity

 

 

 

http://www.safetypublishing.co.uk/
http://www.safetypublishing.ie/

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