Chancellor could be announcing missed borrowing target and postponement of feel-good Lloyds retail offer in MarchSell (nearly) everything,says Andrew Roberts, Royal Bank of Scotland’s credit guru. Unfortunately for George Osborne this advice has arrived late in the day for a chancellor seeking to flog more than a few shares in RBS itself.
The Treasury managed to get rid of 5% of RBS final August at 330p, or taking the state’s stake to 73%,but since then nothing has happened. Nor will it whether the RBS share price remains below 300p.
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Source: theguardian.com