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Celebrities and businesses voice anger at Royal Bank of Scotland

The Royal Bank of Scotland, which has effectively been bailed out by the UK government and UK taxpayers, is this weekend under significant pressure from celebrities and businesses up and down the UK. There are concerns that the Royal Bank of Scotland has taken billions upon billions of pounds of taxpayer's money and nothing has been given back to the UK economy or the UK taxpayer as yet.

Indeed, it was revealed last week that Royal Bank of Scotland is one of the funding banks with regards to the Kraft Foods bid for Cadbury which could, if successful, resulting in significant job cuts in the UK. There is concern that the UK government, having passed over billions upon billions of pounds of taxpayer's money in exchange for shares in the Royal Bank of Scotland, has effectively given the directors of the company a free rein.

Time and time again we have seen Lloyds Bank and the Royal Bank of Scotland come back to the UK government for further funding and further assistance, prompting accusations that the government has "written a blank cheque" for both the Royal Bank of Scotland and Lloyds bank. Whether this is actually correct or not is open to debate but there is very little coming back from this prominent Scottish financial institution.

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