Vince Cable, Where Are You?

Less than 2 years ago we, the UK taxpayer bailed out the failed RBS to the tune of £20 billion. You, me and every other British taxpayer owns 83% of the bank.

Less than one month ago, RBS announced profits of £1.1 billion - some turnaround.

Today, RBS announced it would cut 3500 jobs in the UK as it continued to rationalise its back office operations, whilst at the same time saying it would create 500 jobs in India & the Far East

So, once more, a British company (and one nationalised in all but name) throws aside its trained British workforce to replace it with cheaper, off shore labour, and the taxpayer will again have to pick up the tab for people no longer useful to RBS.

I think it's nothing short of scandalous that this is allowed to happen. If I had an RBS account it would be closed tomorrow.

Perhaps the board of RBS would think again if they were forced to use the recent profits to pay for the unemployment benefits of these 500 for the next 5 years.

Vince Cable, where are you & why don't you stop it?