City AM: UK must sell RBS and Lloyds soon sayd TaxPayers’ Alliance
“Clearly the best outcome for taxpayers would be if we don’t make a loss on those shares, but we simply cannot predict what the share price will be tomorrow,” TaxPayers’ Alliance campaign director Emma Boon told Reuters.
“Politicians shouldn’t play the stock market with other peoples’ money, imagining that they might get a better or worse price if they buy or sell today or tomorrow. Who’s got a crystal ball and can say they’ll be worth much more in the future?” said Boon, whose organisation campaigns for lower taxes.
“If we hold onto our shares in the banks, then that might turn a profit eventually but the returns could just as easily not justify even the current price. If taxpayers want to take that risk, they can do so with their own money,” she added.
