RBS Tony Greenham

New Economics Foundation: Just a few months ago, Osborne was insisting we’d get our money – the £45bn spent to save RBS from collapse – back from any sale of the bank, according to The Independent. Now, after the election, he is attempting to rush through a sale at a big loss, said Tony Greenham, head of economy and finance at the New Economics Foundation. The UK taxpayer holds an 81 per cent stake in RBS after a series of capital injections amounting to £45bn. The assumption that the bank should be returned to the private sector deserves greater scrutiny and debate. He compared the one-off £13bn loss on the sale of the asset to the £12bn annual welfare cuts pledged by the Government spending plan. We can’t make back our money by flogging off RBS – so let use our investment to fix the UK broken banking system, creating new players that genuinely work for us. (news.financializer.com). As reported in the news.