We the undersigned demand the Chancellor of the Exchequer give shares in RBS and Lloyds Banking Group to the millions of taxpayers who paid for the banks to be bailed out. We believe ordinary people should benefit from the sale of these shares back to the private sector.
Deputy Prime Minister Nick Clegg says it's time the public benefited from the bailout of the banks. The Lib Dem Leader is backing a scheme that will give shares in the nationally owned RBS and Lloyds banks to every adult (all 45million) in the UK. These shares could become worth over £1000 per person.
Nick Clegg said, "Taxpayers' money bailed out the banks. It's only right that the taxpayers should be given a stake in those banks and a chance to benefit from their future success."
Mr Clegg has written to the Chancellor of the Exchequer to ask him to look at the plan. The blueprint drawn up by a top city firm will mean that the Treasury will get its money back from the banking bailout. But any profits will go directly to the 45million shareholders.
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