Downing Street Says

» Tuesday, March 27, 2012

RBS

Asked how long the Government had been having discussions about selling a stake of RBS to Abu Dhabi, the PMS said that UKFI were leading on all discussions and referred the journalist to a statement released by the Treasury.

Asked how the PM would explain selling RBS at a loss, the PMS said that the Government’s aim was to return RBS to full health so it can support the UK economy. The current strategy is working towards that aim. The long term aim is to return RBS to the private sector, but only when it has delivered value for money for the taxpayer.

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RBS

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