U.K. Looks at Clegg Proposal to Give Away RBS, Lloyds Shares
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A proposal to give every British voter shares in the part-nationalized Lloyds Banking Group Plc and Royal Bank of Scotland Group Plc is one of a number of ideas under consideration, Prime Minister David Cameron’s office said.
Deputy Prime Minister Nick Clegg floated the idea during a visit to Brazil. He told the Financial Times newspaper he had written to Chancellor of the Exchequer George Osborne and Chief Secretary to the Treasury Danny Alexander this week, asking them to consider the case for a “mass share-ownership scheme.”