Engagements

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 11:30 am on 2 April 2014.

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Photo of Ed Miliband Ed Miliband Leader of HM Official Opposition, Leader of the Labour Party 11:30, 2 April 2014

And here is the thing, Mr Speaker, a third of the shares were sold to just 16 City investors. And get this: there was a gentleman’s agreement that those City investors would not sell the shares. What happened? Within weeks, half of those shares had been sold, and they had made a killing worth hundreds of millions of pounds. In other words, mates rates to the Prime Minister’s friends in the City. Perhaps he can tell us what happened to that gentleman’s agreement on those shares?