Bank bail-out free shares: how would it work?
Originally posted by 5corpio
Nick Clegg said that it was “psychologically immensely important” for people to be given a stake in the banks in the wake of the financial crisis and plans to gives us free shares. So how will the scheme work?

Who would qualify?

Potentially everybody. The question is whether the Government limits the plan to people who pay tax. According to a report by the think-tank, Centre for Policy Studies (CPS), if shares were given to all UK nationals, excluding under 16s, there will be around 46m individuals involved.

How much will I get?

Under the proposals examined by CPS, each taxpayer would be given 1,450 shares in RBS and 450 shares in Lloyds. With RBS shares trading at 38.6p and Lloyds share price trading at 47.3p that would amount to

Read more here: Bank bail-out free shares: how would it work? - Telegraph

Forum Previous News: allaboutFORUMS - View Single Post - Latest Headline News (Media)