BREAKING @guardian
Rishi Sunak was paid c£5 million in his 20s as partner in a hedge fund at the heart of 2008 RBS crash which taxpayers bailed out for £45.5 BILLION
🔹Sunak was partner in TCI hedge fund which aggressively pushed for the sale of ABN Amro Bank
🔹RBS-led consortium then bought ABN for £50bn in October 2007
🔹biggest takeover in banking history.
🔹A year later RBS crashed
🔹Taxpayer spent £45.5bn bailing out RBS
🔹TCI made £555 million profit 2007/08 largely due to ABN sale deal
🔹Sunak was one of 19 TCI partners who shared £93+ million of the TCI ABN share profit in 2008
🔹Sunak probably walked away with £5 million while we bailed out RBS
🔹Financial Services Authority said re bank crash “it is clear that the (RBS) acquisition (of ABN Amro) undoubtedly contributed significantly to RBS’s vulnerability”.
https://t.co/UnTc2w957U
It is important for the Prime Minister to address questions regarding the hedge fund that played a role in the financial crash, as suggested by Labour. Keir Starmer's focus on Rishi Sunak's career prior to politics leading up to the first general election TV debate is a constructive approach. It is essential for transparency and accountability in government, and discussing these issues can lead to a more informed electorate.
cc @RishiSunak@Keir_Starmer@UKLabour@Conservatives@guardian@DailyMirror@DailyMailUK
@BBCPolitics End the #MortgagePrisonerScandal 200k families would vote for the party who would finally be the party who puts homeowners back into the active mortgage market, regain financial stability, and end being ripped off paying extortionate high mortgage payments to the vulture funds
Today's headlines about @RishiSunak and his role in the 2008 financial crisis are giving me flashbacks - millions of people's savings were put at risk...
Just a reminder @labour every member was in favour of the @mortgageprison vote. 250,000 people still wait in anticipation of help from the @GOVUK
This has been numerously highlighted @MartinSLewis
What will you do to help @Keir_Starmer this has gone on far too long
@MartinSLewis Thank you for your support.
@mortgageprison have been paying extortionate rates with no help! Paying over 10% & while the country were previously paying low rates we were already over 5%! Ask @Jeremy_Hunt why they ignored your report #gmb & what plans they have!
Yes please @MartinSLewis ask him to explain this response where they don’t want to respond to the subject of @mortgageprison as stated in another response from treasury 🤬
#ukmortgageprisoners need a solution @JohnGlenUK you were given a report by @MartinSLewis@Conservatives 2.4 Billion profit but choose to do nothing. I literally have nothing left. I get paid on Friday will 0 left after paying my bills my mortgage takes up £760 9.14% from £340
@MartinSLewis can you ask jeremy hunt why there still is no action on #mortgageprisoners . Weve all seen the latest and they refuse to do anything other than write that they sympathise. Sadly sympathy will not stop them being over charged and reposessed please please mention us