Sir Nicholas Macpherson admits government’s remaining 73% stake in bailed-out bank may acquire to be sold well below break-even price of 502pFresh doubt has been cast on the ability of George Osborne to sell off
the state’s remaining stake in Royal Bank of Scotland at a profit following
remarks by the outgoing head of the Treasury. The chancellor sold off the first tranche of a 79% stake in the bailed-out bank in August at a £1bn loss and Sir Nicholas Macpherson,the outgoing permanent secretary, has admitted the rest may acquire to be sold below the break-even price. Related: Royal Bank of Scotland pays back £1.2bn to the Treasury Continue reading...
Source: theguardian.com