| answer text |
<p>The Chancellor has previously set out his objectives for the banks in state ownership,
including Royal Bank of Scotland. We want to maximise the ability of these important
banks to support the British economy, and we want to get the best value for money
for the taxpayer.</p><p> </p><p> </p><p> </p><p>Large scale public ownership has an
inhibiting effect on the involvement of private institutions in a company such as
RBS, and therefore naturally impacts on broader commercial performance. The best way
to deliver our objectives is to return RBS to private ownership. Commercial organisations
are more efficient, more innovative and more effective when they are in the private
sector.</p><p> </p><p> </p><p> </p><p>This policy is supported by advice from the
Governor of the Bank of England and independent analysis from Rothschild investment
bank. In their recent report into this issue, Rothschild note that by starting to
sell down its stake in RBS, “the Government can bring about broader benefits for the
institution, which could help to accelerate its recovery”, as well as improving the
share price and securing value for the taxpayer.</p><p> </p>
|
|
