Royston Smith – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Royston Smith on 2016-04-11.

To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect on the public purse of the sale of the Government’s remaining RBS shares.

Greg Hands

The government conducted an initial sale of RBS shares in August 2015, raising £2.1bn for the taxpayer.

The proceeds from sales contribute to reducing UK government debt.

Further sales will be conducted subject to market conditions, in order to maximise value for the taxpayer. The returns on the government’s interventions in RBS will be determined by the success of the whole of the selling programme, rather than the terms achieved on the first few disposals.