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UK Deputy Prime Minister Nick Clegg wants to give the public shares in bailed-out banks John Stillwell/PA Wire/Press Association Images

UK may give the public shares in bailed-out banks

Nick Clegg backs plan for every voter to be issued with shares in RBS and Lloyds.

THE UK’S DEPUTY Prime Minister has backed a proposal that the public be allowed to share ownership of banks.

Nick Clegg is quoted by the BBC on a trip to Brazil as saying that British taxpayers who have bailed out banks like the RBS and Lloyds should be given a financial stake in such institutions. He said:

Psychologically it is immensely important that the British people feel they have not just been overlooked and ignored… I think, in a sense, as a society we are condemned to take an interest in our banking system.

The reward for being “condemned” to paying attention to what’s happening in the banks, he argues, should be the option to have a financial stake in the bank. As shareholders, members of the public would then have some control over the direction of the banks.

The Guardian reports that the plan is to distribute shares to everyone on the electoral roll or on the national insurance register. That would involve around 1,450 shares in RBS per person and 450 shares in Lloyds, worth around €865.

Poll: Should the Irish public be given shares in bailed-out banks? Vote here>

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    Mute Jason Power
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    Nov 9th 2013, 11:13 AM

    Fortune favours the brave

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    Mute Stephen McFarlane
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    Nov 9th 2013, 10:48 AM

    Legend.

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    Mute Jake Race
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    Feb 13th 2015, 12:33 PM

    Here’s some even better advice for young journalists.

    Go back to college and get a proper degree. Your field is dying. Nobody pays for journalism any more. If you do get a job, it will be for some kind of clickbait-oriented online rag that publishes nonsense most of the time. There are massive skills shortages in IT and Engineering. Go there and you will get paid!

    Machines like IBM’s Watson are already capable of secondary journalism that we find here. It won’t be long before all journalists are replaced by machines.

    That is all.

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    Mute V
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    Feb 13th 2015, 3:43 PM

    Journalism and engineering/IT are worlds apart. If you picked your college course purely based off which one is most likely to get you a job you’d have a hard time passing it due to lack of interest.

    13
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    Mute Jake Race
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    Feb 14th 2015, 12:03 AM

    If you didn’t consider whether there would be a job you just wasted 4 years.

    But then again, you could always just choose gender studies and make a career out of criticising tech companies for not doing enough to attract women to the field you didn’t choose because you thought it would be boring.

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    Mute Lad
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    Feb 13th 2015, 12:01 PM

    @amanda how about an interview with an next gen journalist??
    #keeptypingtillyouwritesomething #generationmillennials

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    Mute Lasair Aireáinnach
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    Feb 13th 2015, 4:53 PM

    Real piece of advice:

    Become journalists who investigate, who are not afraid to go against the tide of mainstream policy fashions, who shine a spotlight on the policies of government, in short, people who question multicultism, mass immigration and the EU population replacement engineering programme. Instead of opting for hackism and pravdaesque state/EU cheerleading. As it is you do not engage in journalism but pro multicult mass-immigration stage managed hackism. Cowardly consensus screedists.

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    Mute Plantation Watch
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    Feb 13th 2015, 1:01 PM

    Was he widely respected by the women he broke the ribs of while off his head?

    https://twitter.com/jokeocracy/status/566094505104130048

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    Mute Jake Race
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    Feb 13th 2015, 1:48 PM

    Do you have a better source than that? I tend not to automatically believe everything I read on the internet.

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    Mute Plantation Watch
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    Feb 13th 2015, 4:32 PM

    Its all in his book.

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    Mute Doug Asker
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    Feb 13th 2015, 12:15 PM

    RIP old stock

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