> Compared to other nations, Britain's public trustees probably aren't so bad at serving the interests of the public.
Dave & Co have probably been the worst offenders in recent recent years for selling public assets and companies they have nationalized to buddies of theirs at massively discounted prices, beginning with the RBS.
"some of the City’s biggest investment banks – including Goldman Sachs and UBS – are charging the government a £1 fee for work that would normally cost tens of millions of pounds."
"Oliver Holbourn, head of market investments at UKFI, said some City firms had even offered to pay the government to work on its privatisations."
"The banks, however, eventually concluded that such arrangements could be an offence under the US foreign corrupt practices act."
The Royal Mail would be a much better example of that; but then that happened on Vince Cable's watch (a part of then David's coalition). Of course the banks involved were accused of providing bad advice according to a committee of MPs; in particular undervalued property owned by Royal Mail.
I don't think Dave has yet surpassed Bliar and Brown. Especially once you include public private partnerships and the lifetime of debt landed on the schools and hopsitals as a result.
"the share price had been at 400p as recently as February, leading critics to blast the decision to sell now and question the relationship between banks and the Treasury"
Dave & Co have probably been the worst offenders in recent recent years for selling public assets and companies they have nationalized to buddies of theirs at massively discounted prices, beginning with the RBS.