The taxpayers’ bank is still struggling to make money. We are told that if you regard the losses as special items relating to the past the underlying bank is now profitable. The problem is we the taxpayers have to pay for the total losses. More radical approaches to the structure and sale of this banking group are needed.
About John RedwoodJohn Redwood has been the Member of Parliament for Wokingham since 1987. First attending Kent College, Canterbury, he graduated from Magdalen College, and has a DPhil from All Souls, Oxford. A businessman by background, he has been a director of NM Rothschild merchant bank and chairman of a quoted industrial PLC.
You can sign up to receive John's blog posts by e-mail by entering your e-mail address in the box below.
The e-mail service is powered by Google's FeedBurner service. Your information is not shared.
Map of Visitors