Tuesday, April 22, 2008

Redistribution of wealth

From the poorest to the richest:

But what we do know is the market value of Britain's five biggest banks shot up by around £10bn last week (see this blog). Even RBS, with its announcement of a vast multi-billion new share issue, was up by about £4bn.

It's as good a measure as any of how much taxpayers are handing over to the banks.

1 comment:

dearieme said...

A windfall tax is almost always a disgraceful idea - this might well be an exception..