Union: Withhold payment to banks who advised Govt

Hundreds of millions of pounds of taxpayers' money have been lost because of the failure of the Government and its advisers to accurately value the company.

In other situations this would be gross incompetence or even theft. Private shareholders have lined their pockets at the expense of the taxpayer following the huge leap in the share price.

At the very least the institutions which advised the Government should not receive any further payments - which are discretionary.

Serious consideration should be given to claiming back fees paid for shoddy advice which has left the client - the taxpayer - out of pocket.

It's time to see whose side the Government is really on. Will they back their buddies in the city or stand up for the taxpayer and attempt to salvage some value for money from this debacle?