6th Mar 2015 06:30
LONDON (Alliance News) - UK Chancellor of the Exchequer George Osborne has said he made a mistake in not radically restructuring The Royal Bank of Scotland Group PLC back in 2010 but adds he would now like to push ahead with selling the government's stake in the bank as quickly as possible, the Financial Times reported on Thursday.
The Chancellor, speaking in an interview with the paper's FT Weekend magazine, said he would like to proceed with a sale "as quickly as we can to get rid of it".
Osborne conceded, however, that the size of the government's stake in the UK bank is "massive" and suggested the sale could take years to complete.
http://www.ft.com/cms/s/0/c1277d7e-c326-11e4-ac3d-00144feab7de.html?ftcamp=crm/email/201536/nbe/UKBusiness/product&siteedition=uk#axzz3TCycIvcC
By Sam Unsted; [email protected]; @SamUAtAlliance
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