Tuesday, 14 October 2008

Christmas Comes Early for Cameron?


If the Government ends up with large stakes in some of the UK's biggest banks - 60% of RBS and 40% of a merged Lloyds TSB and HBOS is being reported so far - then this could be great news for David Cameron.

If the banking crisis does get resolved to any extent and banks become stable again, then whoever wins the next election can look forward to the prospect of huge privatisation windfalls in a few years time.  Very handy to fund future tax cuts....

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