Royal Bank of Scotland is still 79% owned by the taxpayer, in contrast with Lloyds Banking Group, where the government stake has dropped below 19%
George Osborne is expected to use his Mansion House address to senior City figures next week to sketch out how he intends to start the sale of the government’s 79% stake in Royal Bank of Scotland since the 2008 crisis.
In the runup to the general election, Osborne signalled his intention to kickstart a disposal programme for RBS early in this parliament and he has used the set-piece address at Mansion House in the past to outline policies on the banking sector.