George Osborne has spent his tenure as chancellor by implenting cuts, making the poor poorer and increasing the wealth of the top 1%. One of the worst things he has done was selling off Royal Mail. He sold it to a friend at 1/3 of the market value. The share values shot up instantly and made the rich richer with money that could,  and should,  have gone straight into the treasury.

Now he’s at it again. He’s after selling off RBS, the nationalised bank, at a 7.2 billion pounds loss. Osborne previously said that he would only sell of the bank when it’s in the public interest, but it’s plain to see that selling it off at a loss is not in the public interest.  It’s in the interests of those who are buying it at rock bottom value, those that will make massive profits quickly and those who will be free to rack up their own massive banker’s bonuses once more.

What’s worse is that the tories are selling a lie. There are many voices speaking out against these proposals. The tories are saying that these are all Labour voices. They aren’t , although a lot are. The lie is they are spinning is in the form of a question, they are asking “who’s judgement should we trust, the bankers who know the business or the Labour MPs who caused the banking crisis? ” IT WAS NOT THE LABOUR MPS WHO CAUSED THE BANKING CRISIS. It was the bankers. As Richard Burgon MP says, “The clue’s in the name.”

We need to see an end to this myth, we needs to see an end to this government  selling off our assets (the bank, royal mail, the social housing etc) and we need to see an end to this proposal.

2 thoughts on “The bank of George

  1. Well, it’s just fine to say this now when the election is lost and not a single Labour MP said loudly and clearly that the avaricious bandits who wrecked our economy would be hunted down and jailed. Polite appeasement does not deal with criminals and liars.

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