Vocal Voices

Well colour me unsurprised. Freed of £80m a month on Williams and Glynn, not allocating £1.5bn to PPI, not allocating $3.5bn for US fines and it is no real surprise that RBS is making a profit. Given that the money for the fines was accrued out of the 2016 budget. They got the really bad news out of the way from quite reasonable profits and now are taking the benefit. Expect RBS to soar in 2018 and onwards as PPI closes and the US fines are levied.

Ah, jolly good.

Let us get that share price up to the 502p we paid for them. Actually, let us get it way past 502p so that when Hammond flogs off our 73% stake we poor sodding tax payers who stumped up the cash to save it do not lose out.

We want our "loan" back, plus interest, but we are not going to get it because Hammond has already said the he is prepared to sell at a loss.

We will probably get the same spin b**locks we had the other day when we finally got rid of all but 2% of Lloyds. Sure, we got something like £20.4bn from total sales but there has been no account of either inflation or interest, of the closed branches, the lost jobs, the effects on other businesses and communities.

Life is just a numbers game for these oxygen thieves.