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 Mark Garnier Mark Garnier Conservative, Wyre Forest 12:40, 11 June 2015

When Mr Skinner has finished, may I welcome the Minister to her place? She brings with her a great wealth of experience from the City. Part of that wealth of experience is a full knowledge of the sunk cost fallacy. Does she agree that it is completely ludicrous to say that an investment decision made in 2015 should be based solely on the information known in 2008, and that that view betrays a staggering lack of knowledge about the investment process among those opposed to selling the stake in RBS at potentially a loss?