" No. The privatisation is being run by Cameron and Osborne's chums Goldman Sachs, whose brokers will fund their yachts and grouse-shoots from the fat fees. And they've decided that the benefits of the privatisation should be restricted to their chums - bankers, large multinational corporations and the like. So they've restricted the sale of 70% of the RM shares to the Tarquin list - leaving Sid to scrabble about for the remaining 30%. It's like a slap in the face with a wet fish for popular capitalism and a gift for Miliband."
And although the Sids were restricted to the 30% of shares and had their bids all knocked down to £750 each, with those wanting over £10,000 getting nothing, the same rules clearly didn't apply to those applying for over £1,000,000 of the reserved 'Tarquin' 70%. Now the Telegraph tells us;
Lansdowne Partners, one of the world's biggest hedge funds, has invested in Royal Mail and is said to have a £50million stake in the company. After a day of frantic trading the value of its shares has risen by £18million. Peter Davies, Lansdowne's co-head of developed markets strategy and a member of the hedge fund's management committee, has been friends with the Chancellor since they met at Oxford University. Mr Osborne chose Mr Davies to be his best man when he married Frances Howell in 1998 at St Margaret's Church, next to Westminster Abbey.So the filthy Tarquins clean up whilst the small trader or retiring professional with just a few tens of thousands to invest gets shat on. If there were ever proof that Cameron hates the middle classes, this is it.
Give me Farage and all his faults any day rather than those overblown corrupt nepotistic lying Stupid Boys.