Adur, West & East Worthing Party including East Arun

Give RBS and Lloyds shares to the public – Williams

The Treasury Select Committee is today taking evidence on what the Government should do with its stakes in RBS and Lloyds, including a proposal first made by Co-Chair of the Liberal Democrat Parliamentary Treasury Committee, Stephen Williams to give Government-owned shares to the public.

Commenting, Stephen Williams said:

“This is a very popular idea which would give the public something back for bailing out the banks.

“I welcome the Treasury Select Committee’s review into what to do with the Government’s holding in RBS and Lloyds and hope that it furthers the case for giving the public their share.”

Centre Forum published Stephen Williams’ report called ‘Getting your share of the banks: giving the banks back to the people’ in March 2011. It can be downloaded here:

http://www.centreforum.org/assets/pubs/getting-your-share-of-the-banks.pdf