5.2 Billion Reasons To Be Concerned

5.2 Billion Reasons To Be Concerned

 

So RBS which is 81% owned by taxpayers has recorded its fifth annual loss since it was rescued by the Government (AKA us) in 2008. The loss is £5.2 billion, or as I like to call it……£5,200,000,000.00 for dramatic effect.

 

Some quick questions for you:

1.  Why is the Government not challenging the performance of the bank and those in charge as they lost ‘only’ £766 million the previous year?

 

2.     Why are £215 million in bonuses being paid by a company that lost £5.2 billion?

 

3.     Why is the Government allowing (2) to happen?

 

4.     Will tax payers ever get their money back?

 

Answers on a postcard to the usual address.

 

Not good.