So Osborne, we now learn, is determined to sell off RBS and Lloyds before the election to prevent Labour, if it wins the next election which looks increasingly likely, from keeping them in the public sector and breaking them up in order to reconstruct them as agents to drive a national economic recovery. That says it all about the government’s […]
Posts Tagged ‘Lloyds-TSB’
Lloyds Bank Can Fund Investment
Oct 12th, 2012 by Michael Burke.A number of media reports suggest there is a dispute between the management of Lloyds Bank and its regulators at the Bank of England and the Financial Services Authority (FSA). The dispute centres on Lloyds’ estimated profits, which one set of City analysts forecasts will be £800 million. Management wants to use the profits to pay […]
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Lloyds-TSB and RBS could be the basis of a National Investment Bank
Sep 7th, 2011 by Jon Trickett.The economy is stagnating and is clearly in deep trouble. The latest figures show the UK economy has grown by just 0.2% in the nine months since George Osborne announced his Comprehensive Spending Review that set out a huge package of cuts. There is turbulence on the stock markets in part, at least, because of […]
