Do you want shares in RBS and Lloyds?

June 9, 2013

By Matt Scuffham, UK Banking Correspondent.

The government should hand most of its shares in Royal Bank of Scotland and Lloyds Banking Group to the public, an influential political think tank says, in what would be the country’s biggest privatisation.

The proposal would enable 48 million taxpayers to apply for shares at no initial cost and with no risk attached, the think tank said. A ‘floor price’ would be set and taxpayers would make a profit on any rise in the shares above that level.

But the think tank estimates only 20 to 30 million people would apply for the shares with many thinking it would require too much time and effort, despite applicants only needing to supply their name, address and national insurance number.

Taxpayers would receive shares worth between £1,100 and £1,650 depending on how many people take up the offer.

Would you, as a UK taxpayer, register to receive shares in RBS and/or Lloyds if they were distributed by the government? Let us know in the comments thread below.

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