Tories lose us another £2 Billion.

[Walt Zingmatilder]

https://www.theguardian.com/business/2018/jun/05/hammond-forced-to-defend-rbs-shares-sale

[Harrowby Hall]

But it was Labour that got us into this mess in the first place ...

[Walt Zingmatilder]

But it was Labour that got us into this mess in the first place ...

I thought it was Thatchers deregulation.

[jeremyp]

I thought it was Thatchers deregulation.

Actually it was the US subprime mortgage bond market.

[Rhiannon]

I successfully unblocked my washing machine filter today but it wasn’t in there, although I was told coins often end up in them.

[Harrowby Hall]

But it was Labour that got us into this mess in the first place ...

I thought it was Thatchers deregulation.

I suppose this depends on where you perceive the "start" to have been.  I was referring simply to the "rescue" of the insolvent RBS in 2008 by the Labour government of the day.

[SteveH]

I suppose this depends on where you perceive the "start" to have been.  I was referring simply to the "rescue" of the insolvent RBS in 2008 by the Labour government of the day.

The financial crisis of 2008 was world-wide. That Britain wasn't worse affected than it was was thanks to the wise stewardship of Gordon Brown.

[Nearly Sane]

In terms of the RBS fiasco, it was caused most closely by the purchase of ABN AMRO. Had Barclays succeeded In their bid, they would be in a worse position than RBS.

[Harrowby Hall]

That is my understanding, too.

It was all underscored by the personal ambition of Sir (no longer) Fred (the shred) Goodwin.