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Give RBS and Lloyds shares to the public – Williams

November 16, 2012 1:36 PM
Originally published by East Midlands Liberal Democrats

Stephen WilliamsCommenting on the Public Accounts Committee's report on the sale of the Government stake in Royal Bank of Scotland and Lloyds Banking Group, Co-Chair of the Liberal Democrat Parliamentary Treasury Committee, Stephen Williams MP who called for a public distribution of Government-owned shares in Lloyds and RBS in March 2011 said:

"I have repeatedly called on the Treasury to ensure we dispose of our stake in Lloyds and Royal Bank of Scotland in a way that is fair and provides value for money.

"My proposal gives people Government-owned shares in both banks, with a floor price ensuring the Treasury gets its money back with you benefitting from any increase in the share price. It is the best way to do this.

"I will be reminding my colleagues in the Treasury of this important and popular option so that we can give the public something back on their investment."