HERE WE GO AGAIN!

Here we go again, same old Tories, trying to sell the public something they already own. This time, unlike the Trains, energy companies, phone system, BP, etc they plan to sell 'poor people' shares in banks that they already own, well at least have already paid for(and will keep paying for some time). The Tory shadow chancellor George Osborne, now plans to sell the public discounted shares in state-owned banks under a "people's bonus" plan.

In a Sunday Times (21st February 2010) interview, Mr Osborne said the measure would be a reward for the £850bn of public money used to prop up failing financial institutions. The Tories plan to target young people and people on low incomes with special extra discounts. This has more than a faint whiff of desperation as the Tory lead in the polls may well have crashed. Mr Osborne told the Sunday Times: "The bankers have had their bonuses. We want a people's bank bonus for the people's money that was put into these organisations."

One does hate to point out that we already own some of the banks, it's just that the banks and the New Labour Government keep forgetting it. This desperate desire to privatise, the Royal Bank of Scotland and the Lloyds Banking Group, does appear to have an air of desperation about it, mind selling cheap under valued shares will be nothing new to a Tory Government, that's what they did last time, which certainly helped their chums in the City line their pockets.