Petition · past parliament
Immediately stop selling (publicly owned) RBS shares at a loss to the taxpayer.
Closed
821 signatures
What the petition asks
Government is rushing through the sale of RBS shares at a massive £13bn loss to taxpayers. We own 79% of RBS. Rather than selling off these shares to city traders who want business as usual; the government should be reforming the bank; waiting to sell the shares at a profit so the nation benefits.
RBS bosses warned that it would take decades to get back the money used to bail out the failing bank (http://www.thesundaytimes.co.uk/sto/business/Finance/article1495758.ece), yet the government is rushing ahead with these low value sell offs anyway.
Pre-election Osborne promised that we'd get back the £45.2bn spent to save RBS from collapse.
Post-election, he is pushing through £12bn of damaging welfare cuts, whilst losing out on at least £13bn by selling these shares too quickly.
Pre-election Osborne promised that we'd get back the £45.2bn spent to save RBS from collapse.
Post-election, he is pushing through £12bn of damaging welfare cuts, whilst losing out on at least £13bn by selling these shares too quickly.
Timeline
| 5 Aug 2015 | Petition opened for signatures |
| 5 Feb 2016 | Closed to new signatures |
Key facts
Signatures
821
Status
Closed
Opened
5 Aug 2015
Closed
5 Feb 2016
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Source: the official petition page. Last checked 15 Jul 2026.