Hi Stan. The strangest thing about this – who do the government think will buy these shares? Certainly not the poorest in society. For those who missed the news story, some extracts below, and a link here
BBC news Feb 2011
“The public could be offered discounted shares in state-owned banks under a “people’s bonus” plan outlined by Tory shadow chancellor George Osborne.
In a Sunday Times interview, Mr Osborne said the measure would be a reward for the £850bn of public money used to prop up failing financial institutions.
Young people and those on low incomes would be offered extra discounts.
Labour called the plan a “silly little gimmick”, while the Liberal Democrats said it was an attempt to buy votes.
Mr Osborne told the Sunday Times: “The bankers have had their bonuses. We want a people’s bank bonus for the people’s money that was put into these organisations.”
It was expected people would be offered shares worth between a few hundred and few thousand pounds at a discount on the market price, the paper reported.”