Comment on Tories’ bank sell-off plan

In search of this week’s press release, the Conservative party cooked up a plan to give away the public’s shares in the banks to ‘low-income’ families; presumably to fill the hole in their social policy created by taking away Sure Start, child trust funds and childrens’ tax credits from middle income earners.

I would just say this.

When it comes to the shares in the banks the public expects us to focus on getting their money back. That means selling them at a time and way that maximises their value, not an irresponsible and expensive political gimmick.

My interview on today’s Politics Show in the West Midlands will be on iPlayer soon.