State owned banks.

RBS is, or was 84% owned by the State. Lloyds is about 40%. Does the unit that looks after this investment sell off some of these shares in the market when they reach a profitable price.Or is the idea to sell
them off all at once.The US seems to have made a profit on their loans to Banks, AIG,and car producers.Does anyone know what the break even price is.
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On Tue, 8 Feb 2011 03:10:44 -0800 (PST), mick put finger to keyboard and typed:

The latter. At least, that's the current plan. The idea is to wait until the market recovers and the value of the shares goes up, and which point the state shareholding will be sold off.

If sold today, the government would get more than it paid, as the share value has already risen past the break even point. So they don't actually *need* to wait. My hunch is that they'll leave it until a couple of years before the end of the current parliament and then use the income to fund pre-election spending increases and tax cuts.
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On Tue, 08 Feb 2011 18:33:24 +0000, Mark Goodge

Surely dumping large numbers of shares at once is going to drive the prices down a lot?

Cynic ;-)
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On Thu, 10 Feb 2011 11:03:34 +0000, Mark put finger to keyboard and typed:

Not if the sale price is chosen well. The sell-off price will probably be slightly below the prevailing market value, so as to make the shares attractive to institutional investors.

I prefer the word "realist" :-)
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So do I, but spending increases are unlikely and after a couple of years it will be just a matter of giving back a tiny portion of what they have taken away. By then the damage will be irreversible in areas with large social demands. Sure - there'll be tax cuts for those who pay plenty, I just hope that those who trusted the Lib-Dems will have come to their senses.
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On Thu, 10 Feb 2011 15:12:07 +0000, Gordon H

And me too, hence the smiley.

Agreed.

I'm not sure where the tax cuts may be. The tories are really clobbering the "middle classes" at the moment. They can't (I hope) get away with just tax cuts for the rich. They'll have to bribe most of us to have a hope of winning the next election.

And do what exactly?
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Boo Vince Cable when he appears on Strictly Come Dancing, - that'll teach 'em. ;-)
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Reactivate the Monster Raving Loony Party and vote for them?
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On Sun, 13 Feb 2011 11:42:22 GMT, snipped-for-privacy@ADSL24.co.uk.invalid (Windmill) wrote:

They're still around.
I hope that we get the AV voting system which should enable us to vote for "no candidate".
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Mark wrote:

AV does not allow you to vote for "no candidate", unless there's something about it I've misunderstood. Can you explain how you think it would?
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much like they were saying:

In exactly the same way as you can vote for "no candidate" now.
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Adrian wrote:

Agreed, since you can't do that either.
The best (or worst, depending) you could do now is to tick no box or to tick more than one, thus "spoiling" your vote. That isn't "voting for no candidate", it's "not voting".
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Spoiled votes are counted, are they not? Nobody voted for what we have now. We have a government with no mandate for what they are doing to this country, and they dare not hit the people who caused it, because the bankers provide more than half of Tory funds.
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On Mon, 14 Feb 2011 17:10:30 +0000, Gordon H

Spoiled ballots are counted, but are then disregarded. The actual numbers don't have any bearing on the result of the election.

You make a very good point. We're only fooling ourselves that we live in a really democratic society. The only time most politicians pay any attention at all to what people have to say is during the few weeks of the election campaign. Once the votes are inside the ballot box they go off and do whatever they want for the lifetime of that Parliament.
A true democracy would be an ongoing process where people continually had the opportunity to influence important decisions taken at all levels of government. The system we have now was inherited over the course of hundreds of years and is quite outdated for today's world. Modern technology and communications could offer so many opportunities for people to have a say in government, but you're not going to get it because the incumbent politicians wouldn't give up the existing system without a fight.
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They ought to be given more publicity, because they are really votes for "None of the above"

Too true! I expect that most of them will back off the idea of AV (if) and when the vote comes.
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On Tue, 15 Feb 2011 09:20:22 +0000, Gordon H put finger to keyboard and typed:

They're not. Most of them are simply cock-ups by people who can't read or follow instructions.
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You can't vote for "no candidate" now.
If such a choice were possible, then if more voters ticked the "no candidate" box than for any other single candidate, then no candidate would be elected and that constituency would have no representation in Parliament.
That is not possible under the existing or proposed electoral systems. All you can do is either not vote at all or spoil your ballot paper. In either case those "votes" are disregarded and only votes for actual candidates are counted.
Chris
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On Mon, 14 Feb 2011 09:57:34 +0000, Ronald Raygun

I don't see any details in the current proposals. However, whenever I have voted under an AV system, there has always been a "no candidate" option. You can vote for this as if it were a real candidate. i.e. If you'd rather no-one got elected than some or all of the candidates then you rank no candidate above them.
I'm sure many would rank "no candidate" at the top of the list ;-)
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