RBS share sale could give pre-election boost
Royal Bank of Scotland is reportedly preparing to raise billions of pounds from a share sale just months before the next general election. At least 10% of its stock is likely to be sold at the end of 2014 – a move that could raise £5 billion for the Government ahead of a 2015 election, according to reports. It would be the first time cash was returned to the taxpayer since the Government spent £45.5 billion bailing out the lender in the wake of the financial crisis in 2008.
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