George Osborne’s Lloyds Bank Share Sale Pledge Is Cynical And Short-Sighted

George Osborne - Lloyds Bank - Lloyds Banking Group Share Sale - General Election 2015

 

It isn’t always easy defending Conservative policies. While left wing parties have the luxury of flaunting their “compassionate” credentials with every unfunded pledge and extravagant promise to spend other people’s money, those on the right have the trickier task of explaining that a smaller, less interventionist state and a safety net reserved for those in real need is the only true path to a happier, more self sufficient population.

Visit any left-leaning website or listen to any left-wing activist speak, and it won’t take long before you hear a tirade against the “Evil Tories”, who in the minds of their accusers are not just wrong, but positively eager to hurt the poor and hound the vulnerable. Whether it’s on healthcare and the NHS, welfare reform, tax policy or public services, British conservatives always begin every argument ten points behind, having to battle against the widely-held assumption that conservative policies are motivated only by greed and a desire to protect the interests of those at the top.

Countering this false, pernicious narrative is hard enough at the best of times. And it really doesn’t help when patrician-sounding Conservative politicians like George Osborne announce the “sale” of partly nationalised Lloyds Bank to the public at a discounted price, a giveaway for the middle classes, the politically engaged and the financially literate at the expense of everyone else.

From George Osborne’s triumphalist announcement, published in the Telegraph:

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