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View Full Version : Spend spend spend!



DimPrawn
2nd November 2009, 09:57
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6481291/Alistair-Darling-to-outline-plans-to-spend-30-billion-buying-bank-shares.html

Alistair Darling will this week unveil plans to spend a further £30 billion of taxpayers’ money buying shares in two of the country’s biggest banks.

The Chancellor has agreed to spend about £25 billion buying more shares in Royal Bank of Scotland and £5.5 billion on new shares in Lloyds Banking Group.

The new bailout is the equivalent of £500 for every person in the country and will almost double taxpayers’ investment in banking shares following last year’s dramatic rescue package.



More debt. And don't forget the Climate Change debt Gordon has spent last week.

Spend spend spend! It's only tax payers money! We don't want better hospitals and schools or better roads! No, we want more bankers bonuses!

DiscoStu
2nd November 2009, 10:06
I'm sure Gordon and Alistair know exactly what they're doing :eyes

Diestl
2nd November 2009, 10:08
They could have used the money to wipe out all debt in the UK, so everyone owns there house, car, with no mortgage, loan to pay. Like rebooting the system.