Focus on loss misses the point of RBS share sales

Aidan Gregory

June 05, 2018 04:45 pm

RBS_5_PA_230x150 — File photo dated 27/04/18 of the Royal Bank of Scotland branch on Princes Street, Edinburgh. The Government has announced that it will offload a £2.6 billion stake in Royal Bank of Scotland, a move that will see the taxpayer's stake in the lender reduced from 70.1\% to 62.4\%. | Jane Barlow/PA Wire/PA Images

After the UK Treasury sold £2.5bn of RBS stock this week, observers quickly pointed out that the sale represented a huge loss for taxpayers. Yet the gradual return of the bank to full private ownership is a win for the UK financial sector and for the economy as a whole.

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Aidan Gregory