A Commons select committee yesterday quizzed the Business Secretary, Vince Cable and Business Minister Michael Fallon about the recent sale of the Royal Mail. Despite the obvious evidence that the public were defrauded out of £1bn these politicians still maintain that they did a good job. But for whom?
By selling the Royal mail cheap, various financial institutions such as Hedge Funds made fortunes by selling their shares in the following days for huge profits. By insisting that they did a good job, these Ministers are demonstrating yet again that they just don't get it. In any other walk of life their palpable failure would be rewarded with the sack or financial ruin but where the public purse is concerned they simply don't care. Constituents of these Minister's seats should show their disapproval at the next General Election
Wednesday, 30 April 2014
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