Baroness Primarolo
Main Page: Baroness Primarolo (Labour - Life peer)Department Debates - View all Baroness Primarolo's debates with the HM Treasury
(11 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Sajid Javid
Respectfully, I have to disagree with the hon. Lady. I think the Government have no long-term role in owning any part of the banking sector.
Geraint Davies (Swansea West) (Lab/Co-op)
This announcement has already helped to wipe £2 billion off taxpayer-held share value, so will the Economic Secretary consider a staged sale of RBS, in chunks, to maximise the return? Will he also consider keeping a residual shareholding, to maintain influence so that the ambition we all share can be met that RBS continues to focus on small and medium-sized enterprises, rather than runs off, as it has before, in ways that are not in the interests of the British economy?