Friday 2 August 2013

Our gratitude would be entirely superfluous

The management of Lloyds Banking Group are busy sending out self-congratulatory letters to shareholders telling us how well they’re doing. But as we shareholders haven’t had a dividend for donkey’s years, and we’ve been on the short end of a massive collapse in the share price, and the bank’s savers aren’t exactly getting worthwhile interest rates, we’ll put the congratulations in perspective and wonder how long it will be before the present, self-satisfied lot get the bank back to where it was before the last gang of bunglers, and Gordon Brown, drove LBG into a taxpayer-funded bail-out.

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