The taxpayer is sitting on a profit of close to £10bn on its stakes in Royal Bank of Scotland and Lloyds Banking Group after a surprise surge in their share prices.
You know, all these people who have been saying that banks must be taxed more to pay back what they’ve cost the Treasury.
Now that the Treasury’s in profit, so, err, do taxes on banks get cut then? To account for the negative cost to the Treasury of the bailout?
Or is there some reason that it doesn’t work like that?