Royal Bank of Scotland

HM Treasury written question – answered on 22nd April 2016.

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Photo of Phil Boswell Phil Boswell Scottish National Party, Coatbridge, Chryston and Bellshill

To ask Mr Chancellor of the Exchequer, what estimate he has made of the potential price per share at sale of the Government's 73 per cent stake in the Royal Bank of Scotland compared to the amount paid per share in 2008.

Photo of Harriett Baldwin Harriett Baldwin The Economic Secretary to the Treasury

The Government will conduct further sales of RBS shares subject to market conditions, and in doing so will maximise value for the taxpayer.

The OBR presented an estimate of future proceeds in the March 2016 Budget.

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