Dividend Policy

I think that in the absolutely fantastic work done by the brilliant intelect of the most wonderfully financially astute Premier since, well, almost forever there is a downside which many have not fully understood.

Consider that it is not only the pension funds that will not share in the largess being offered to the LloydsTSB and HBoS because of the imposition of a no dividend payment policy to the aforementioned companies. It is also the employees and former employees who will lose out because of the investment policies of the existing directors.

They are major shareholders and rely on their dividend payments to mainitain their standard of living. These people left the organisations in good condition when they retired, why should they suffer because of the problems caused by the current encumbents. This policy of paying no dividends must be reversed, and with some urgency. In this case the ends do not justify the means, ordon Brown must instruct the Treasury that this policy is wrong. Sorry, the Permier can never admit that he is wrong so we shall just have to live with a disastrous policy which will have repersussions not thought of by the so called experts.