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PPI Claim News - 8/3/2010

 
Bank charges: Tories propose 'people's bank bonuses'

Consumers could be given the chance to buy shares in Royal Bank of Scotland (RBS) and Lloyds Banking Group at reduced prices when they are re-privatised.

Under Tory party proposals, individual households would be encouraged to invest in the state-owned institutions, which have received almost £120 billion in government aid.

Shadow chancellor George Osborne said that taxpayers deserve a "people's bank bonus" for bailing out institutions that otherwise may have collapsed.

RBS Group is currently 84 per cent-owned by the government, while taxpayers have also paid for 41 per cent of the shares in Lloyds.

Mr Osborne said: "We want a people's bank bonus for the people's money that was put into these organisations.

"This is a golden opportunity to start building a savings society so that more people have a stake in the future of our economy."

With banks in the midst of handing out bumper bonuses to their executives, it has been predicted that the Treasury could raise as much as £2 billion from its tax on bonuses.

For help making a PPI Claim, Loan claim, PPI reclaim, or a credit card charges claim then call Belmont on 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim form, Loan Claim form, PPI reclaim form or credit card charges form.ADNFCR-2776-ID-19655110-ADNFCR



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