RBS belongs in the private sector
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Selling RBS back to the private sector is good for the taxpayer
“The Chancellor’s plans to sell off the government’s stake in RBS are good news for the taxpayer and the bank itself.
“The losses that are being crystallised by the government as a result of selling at the current price are the result of the mistakes of the past and will not magically disappear by the government holding on to its stake in the bank.
“It is crucial that the taxpayer never again foots the bill for the reckless behaviour of banks. Investors in banks should feel the full consequences of their actions and banks that make mistakes similar to those made at RBS must be allowed to fail in the future.”
Notes to editors:
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