Royal Bank of Scotland

(asked on 2nd June 2015) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will ensure that any review of the Government's stake in the Royal Bank of Scotland (a) includes representation and consultation with all stakeholders and (b) assesses the costs and benefits of all available options, including alternatives to reprivatisation.


Answered by
Harriett Baldwin Portrait
Harriett Baldwin
This question was answered on 18th June 2015

The Chancellor has previously set out his objectives for the banks in state ownership, including Royal Bank of Scotland. We want to get the best value for money for the taxpayer; and we want to return them to private ownership. This policy is supported by recent advice from the Governor of the Bank of England that “it is in the public interest for the Government to begin now to return RBS to the private sector”, and that “there could be considerable net costs to taxpayers of further delaying the start of a sale”.

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