Osborne Starts To Sell Rbs At A Massive Loss: But Why Sell At A Loss?

George Osborne, the Chancellor of the Exchequer, offloaded the first tranche of shares in Royal Bank of Scotland yesterday. This crystallised a loss to the Treasury of some £1.1 billion on the 5.4 % stake that was sold: opening up the obvious question of, well, why? Why crystallise the loss, [...]

Topics:  george osborne   chancellor   exchequer   royal bank   scotland   treasury   loss   
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