Sale represents the first disposal of its 79% stake
George Osborne has kicked off the first sale of shares in Royal Bank of Scotland since it was rescued in 2008 – at a loss to the taxpayer and despite criticism that he should wait for the bank to achieve more deep rooted reform.
The sale of around £2bn shares is to take place overnight with professional City investors and will crystalise losses the on taxpayers’ 79% stake in the bank and would reudce the
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Source: The Guardian Circular Economy RSS