This petition was submitted during the 2010-2015 parliament
Petition RBS - do not sell shares at a loss to foreign powers
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The government has a responsibility to manage national assets efficiently and to be responsible with the disposal of such assets. The proposal to sell a significant stake (1/3) of RBS to a foreign power (UAE's Abu Dhabi) at a 50% loss to the UK tax-payer represents an appalling return to the tax paper, lacks strategic wisdom, denies the tax-payer either a future revenue stream or the opportunity to attain better value in the future, effectively uses tax-payers' to subsidise big business's interests, and is tantamount to a serious dereliction of duty and responsibility. This petition calls for the proposed sale to be denied until such a time as the national assets can be sold at or above their real value, even though this may be quite some time away.
This petition is closed This petition ran for 12 months
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