RBS NATIONALISATION

That this House notes that the Royal Bank of Scotland has again been fined by regulators, this time for 390 million over the Libor scandal; believes that the Bank's Chief Executive Stephen Hester ought to resign along with investment boss John Hourican; believes that, despite the taxpayer funding the world's largest-ever-bail-out of the Royal Bank of Scotland at 45 billion, the Government has failed to properly manage and direct the bank; and calls on the Government to protect taxpayers who are responsible for 100 per cent of the Bank's liabilities by fully nationalising RBS where it can then play a crucial part in an economic revival by direct investment particularly into small and medium-sized businesses.