Osborne plans Lloyds and RBS sale
The merry-go-round of high finance stalled in 2007-8, throwing off and injuring millions of people. Chancellor George Osborne is anxious to start it up again, and to stage some privatisations in the run-up to the 2015 general election as distraction from the economic gloom. In 2008 governments across the world, including the most conservative and neo-liberal of them, stepped in to nationalise and bail out banks and financial institutions, and thus to steady the merry-go-round. Then, they talked of neo-liberalism being discredited, and of a new era of social regulation. Once the financiers...