Ensure public RBS shares are only sold if they at least cover cost of bailout.

Rejected 11 signatures

What the petition asks

The chancellor and conservative party have said they are looking to sell the publicly owned RBS shares at a loss of £26bn to the taxpayer. This year RBS recorded a profit of £939mil. This would also allow the bank to move its headquarters offshore following brexit.

At a time in which our government is cutting public services couldn't these profits be used to fund our ailing health, defence and welfare services? Should the government sell these shares, it would be actively taking steps to harm the UK economy and leave the Taxpayer with a £26bn hole in their pockets. Regardless of political affiliation and beliefs on privatisation, we should hope that any government has the sense to only sell shares at a rate which at the least covers the initial cost, if not turns a profit.

Why it was rejected

There was already a petition about this issue. Duplicates are rejected so signatures collect in one place.

Delay the sale of RBS until the taxpayer has made a profit on the bailout

Timeline

25 Nov 2017	Petition opened for signatures
1 Dec 2017	Rejected by the Petitions Committee

Key facts

Signatures 11

Status Rejected

Rejected 1 Dec 2017

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