22 January 2009
APCIMS welcomes Myners’ rejection of nationalisation
In response to the Lord Myners’ statement today that the Government does not wish to nationalise banks, John Hall, Chairman of the Association of Private Client Investment Managers and Stockbrokers said:
“APCIMS welcomes the Government’s clear indication that they do not wish to nationalise Britain’s Banks. We believe that it is in the interests of the small shareholders that Britain’s banks remain in private ownership and are managed on a commercial basis.
“We also welcome the Government’s efforts to increase confidence in the retail banking sector. Millions of small shareholders are dependent on the banking sector where they have made substantial investments, and it is crucial that the Government maintains confidence in Britain’s retail banks.”
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Notes to editors:
APCIMS
APCIMS is the trade association of more than 220 firms who, on more than 400 sites across the UK and Ireland, deal in stocks and shares for private investors. Together our aim is to ensure that the regulatory, tax and other changes across Europe bring real benefits to the investment community.
More than 12 million people in the UK currently invest directly in stocks and shares to secure their financial futures.
For further information please call:
Dirk Paterson, Head of Communications
Office: 020 7247 7080
Mobile: 07944 866286
Email: dirkp@apcims.co.uk