{"id":6651,"date":"2015-11-05T16:56:59","date_gmt":"2015-11-05T16:56:59","guid":{"rendered":"http:\/\/unitelive.org\/?p=6651"},"modified":"2015-11-05T16:56:59","modified_gmt":"2015-11-05T16:56:59","slug":"once-in-a-generation-opportunity","status":"publish","type":"post","link":"https:\/\/unitelive.test.igniteamt.com\/?p=6651","title":{"rendered":"&#8216;Once in a generation&#8217; opportunity"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n<p>MPs debating the public stake in the Royal Bank of Scotland today (November 5) must ensure the government does not throw away a \u00e2\u20ac\u0098once in a generation\u00e2\u20ac\u2122 opportunity to restore trust to Britain\u00e2\u20ac\u2122s banks, said Unite.<\/p>\n<p>Taxpayers have already lost \u00c2\u01411 billion on their \u00c2\u014145 billion investment in RBS since George Osborne\u00e2\u20ac\u2122s fire sale began over the summer. It is forecast that the Treasury will lose up to \u00c2\u014113 billon by the time the bank is fully privatised.<\/p>\n<p>\u00e2\u20ac\u015bIt is clearly absurd that the same Chancellor who was prepared to attack tax credits in an attempt to save \u00c2\u01414 billion is willing to squander up to \u00c2\u014113 billion by selling off RBS at mates rates to The City,&#8221; said Unite national officer for finance Rob MacGregor.<\/p>\n<p>\u00e2\u20ac\u015bMPs must remember that RBS was taken into public ownership to prevent a total meltdown of the banking system,&#8221; he added. &#8220;The public\u00e2\u20ac\u2122s stake in one of Britain\u00e2\u20ac\u2122s biggest banks presented us with a once in a generation opportunity to clean up the banking system, bring much needed scrutiny to the boardrooms and restore trust in the banks we all rely on.<\/p>\n<p>\u00e2\u20ac\u015bBefore the Chancellor throws this opportunity away. MPs must ask: Have those same boardrooms done anything to regain the public\u00e2\u20ac\u2122s trust?\u00e2\u20ac\u0165<\/p>\n<p>The backbench debate will be opened by Kate Osamor, Labour MP for Edmonton.<br \/>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MPs debating the public stake in the Royal Bank of Scotland today (November 5) must ensure the government does not throw away a \u00e2\u20ac\u0098once in a generation\u00e2\u20ac\u2122 opportunity to restore trust to Britain\u00e2\u20ac\u2122s banks, said Unite. Taxpayers have already lost \u00c2\u01411 billion on their \u00c2\u014145 billion investment in RBS since George Osborne\u00e2\u20ac\u2122s fire sale began [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[32,123],"wps_subtitle":"MPs debate RBS fire sale","_links":{"self":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/6651"}],"collection":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6651"}],"version-history":[{"count":1,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/6651\/revisions"}],"predecessor-version":[{"id":6663,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=\/wp\/v2\/posts\/6651\/revisions\/6663"}],"wp:attachment":[{"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unitelive.test.igniteamt.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}