Royal Bank of Scotland

Part of Business of the House – in the House of Commons at 12:40 pm on 11 June 2015.

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Photo of Debbie Abrahams Debbie Abrahams Labour, Oldham East and Saddleworth 12:40, 11 June 2015

I welcome the hon. Lady to her new role, but gently remind her that the current debt to GDP ratio is 80%, which is 20% higher than it was after a global economic crisis and our recapitalisation of the banks. On the current RBS share price, there would be a loss to taxpayers of £13 billion, if all the shares were sold today. Is this not incredibly insensitive to the millions of disabled people waiting for personal independence payments and to the carers who have seen £3.5 billion cut from social care and who are really struggling in this, carers week, and will she confirm that the Government will sell RBS only at a profit to the taxpayer?