Private ownership bankrupted what had been Lloyds, the Bank of Scotland, the Halifax Building Society and the once publicly owned Trustee Savings Bank.
Public ownership has restored them to profitability and, in the public ownership of the Bank of Scotland, created a new safeguard of the Union.
Why change a winning formula? To do so could not possibly be less conservative.
Good point, Mr. Lindsay. Some public ownership really is superior to private ownership.
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