OK, I'm no fan of the Tory Party. But even so, wouldn't most thinking people of whatever political persuasion think that George Osborne's announcement about offering people shares in the nationalised banks at a discount suspect?
1. Given the high level of taxes people are having to pay / going to have to pay to reduce the borrowing that went to bail out the banks in the first place, don't we already own the banks anyway?
2. If you really want to buy share sin the banks you can do so now via the stock market.
3. How prudent is it to encourage people to be investing in a risky sector of the economy?
4. Do any of really want to endure those dreadful privatization advertising campaigns again like we did in the 80s and 90s? You remember the British Gas one "If you see Sid tell him"
Think again George.
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