British government to offload RBS stake

14th June, 2015
6

George Osborne has announced that the Royal Bank of Scotland is to return to private hands.

The British government owns 80 per cent of the bank following a £46 billion rescue in 2008. Analysts expect selling the shares to institutional investors could generate a £14 billion profit for the taxpayer, but shares in the bank, which owns Ulster Bank, are still well below the level at which the British taxpayer would see a profit if...

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