Give public bailed-out banks shares says Nick Clegg

Originally posted by 5corpio

Proposals to give the public shares in part-nationalised banks RBS and Lloyds have been backed by Nick Clegg.

The idea is that individual taxpayers would benefit from any long-term gains when shares in the banks are sold. The deputy prime minister said it was important British people were not overlooked after their money was used to keep the banking system alive.

The Treasury said all options would be considered but some experts have warned the scheme would be difficult to run.

'Life-support machine'

Under the plan, the 45 million people on the electoral roll would be given free shares in the bailed-out banks, Royal Bank of Scotland and Lloyds Banking Group.

The shares would only have any value above a "floor price", equivalent to what the government paid for the....Read more HERE