skip_previous play_arrow skip_next
00:00 00:00
  • cover play_arrow

    Rother Radio (128k) Love Local, Love Music!

  • cover play_arrow

    Rother Radio (64K) Love Local, Love Music!

  • cover play_arrow

    Hit Music Radio (128K) More Music Variety!

  • cover play_arrow

    Hit Music Radio (64K) The Best Variety of Hits!

Business News

Treasury to offload up to 15% of state-backed NatWest over next 12 months


share close

The Treasury is to sell up to 15% of NatWest in a trading plan over the next 12 months as it further reduces its stake in the bank.

NatWest, previously called Royal Bank of Scotland, was bailed out by the government in a £45.5bn rescue deal during the financial crisis more than a decade ago and remains 54.7% owned by the taxpayer.

The government said that under the trading plan, to commence on 12 August, shares “will only be sold at a price that represents value for money for taxpayers”.

 Sky News

© Sky News 2021

Written by: Rother Radio News

Previous post

UK News

Police ‘held back’ from confronting Wembley intruders at Euro 2020 final, officer alleges

Police were "held back" from confronting ticketless intruders before the Euro 2020 final at Wembley, an officer has reportedly alleged.He said fans were "roaming round in packs" and officers wanted to "chase them off properly as we could see that the stewards didn't care". But he and his colleagues "weren't allowed" to take the action they thought was appropriate.Nor were there enough officers along Wembley Way, he said, with only […]