London to start selling down its 80% stake in RBS: Osborne
It is likely to record a loss on some of its holdings - at least initially
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London
THE British government is ready to exit the banking business, even if it means that it will record a loss on some of its holdings.
George Osborne, the Chancellor of the Exchequer, said in a speech here on Wednesday night that the government would begin to sell down the 80 per cent stake that it holds in the Royal Bank of Scotland (RBS).
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