It has been recently revealed in a report that Britain shall soon have to sell off the stakes of Royal Bank of Scotland as well as the Lloyd’s Bank. It was revealed by a report by a lobby group that if the country decides to keep these stakes, in the time to come, it shall mean putting the money and financial security of the people at a huge risk.
"Politicians shouldn't play the stock market with other peoples' money, imagining that they might get a better or worse price if they buy or sell today or tomorrow. Who's got a crystal ball and can say they'll be worth much more in the future”, revealed TaxPayers' Alliance campaign Director Emma Boon.
It was further added that if the bank shares were kept, it might mean blocking the profits eventually and this might tend to be a huge cause of concern for the bank, as the returns shall be unsure and blocked as well. However if the taxpayers are willing to take that huge risk, they need to do so separately with their money. The country needs to take specific measures for safeguarding the interests of the banks in the time to come.
As per recent reports, it has been revealed that the European Parliament is going to discuss the ways by which tax evasion can be tackled. The European Union has stated that 1trillion euros are lost on an annual basis due to tax evasion.
The matter is heating up with passage of time. It has been said that Greek and French politicians...
At 11.10 pm, Barack Obama recorded a historic win by defeating his rival, Mitt Romney by 100 votes. Obama was given 303 electoral votes by the major networks, while Romney got 203.
Obama, the first African American President, was elected...
Objections have been imposed against Cathay Pacific Airways and Virgin Atlantic by the U.K....
A recent report has confirmed that former Warriors captain Peter Ndlovu would be sent to England...
Average price of gasoline has fallen by six cents since past two weeks and further plunge in the price is expected in the coming days.
The decrease is first in the prices since December. According to reports by the Lundberg Survey of fuel...
As per reports, the revised American Psychiatric Association's Diagnostic and Statistical Manual...
China is in the confusion that weather it should impose a ban on the donation of organs by the...
A group of scientists at the Sainsbury Laboratory,...
As per a new study done by researchers from Australia, a...
The late Maurie Isenberg worked as a radar operator with...
© 2010 FrenchTribune - Tribune Online Services. All times AEST (GMT +10).