The right hon. Gentleman seems to be saying that it is important that the taxpayer gets the maximum value when the publicly owned portions of banks are put back on the market and floated, and I agree. Does he agree with me that it is therefore important that the mechanism at that time should not provide incentives for would-be shareholders such as shares being valued below their real market rate in order to encourage popular capitalism, but that the shares should be sold in such a way as to maximise the return to the taxpayer?
Finance (No. 3) Bill
Proceeding contribution from
Hugh Bayley
(Labour)
in the House of Commons on Tuesday, 3 May 2011.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Finance (No. 3) Bill.
Type
Proceeding contribution
Reference
527 c497 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 15:57:45 +0000
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