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About Me
- David Lindsay
- The pro-life, pro-family, pro-worker and anti-war voice of an economically social democratic, morally and socially conservative patriotism towards the North of England, the United Kingdom, the Commonwealth and Christendom. One Nation politics, with an equal emphasis on the One and on the Nation. Conservationist, not environmentalist. Far too conservative to be capitalist, far too left-wing to be liberal.
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8 comments:
Never going to be sold?
Such an asset re-inflated by public funds is too much of a prize for current economic and financial thinking to ignore.
But that is exactly what makes it politically impossible to sell.
When it does get sold, will you admit you were wrong? Or will you squirm and torture logic to how how you were right all along? Based on prior reading of this blog? I think we all know the answer
Even UKFI has had to admit that no one would want to buy it, even if it were possible to sell something reflated at quite that much public expense, and over which, as of yesterday, popular opinion is used to quite this level of influence.
They may not want to buy it as a monolithic entity but I expect that the choice cuts are being drawn up for financial liberation even now.
Give it a few years and the taxpayer will be left with nothing but a homeopathic essence of RBS and a letterhead,
What choice cuts?
Global banking and markets operations, Insurance division, Broking division are all on the table I believe. The taxpayer will fund this episode of corporate socialism as per usual.
I think it's a toxic brand from the point of view of potential investors. However these things might be privatised, there would be clauses effectively guaranteeing government interference if there were enough media demand. No one is going to buy that.
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