LONDON: Britain should hand most of its shares in Royal Bank of Scotland and Lloyds Banking Group to the public, an influential think tank said, in what would be the country's biggest ever privatization.
The government, which pumped a combined 66 billion pounds ($102 billion) into the banks to keep them afloat during the 2008 financial crisis, wants to remove them from state control before the next parliamentary election in 2015.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
