The Government could start selling down its stake in Royal Bank of Scotland this year, according to City analysts, after the taxpayer-backed lender agreed a deal with the Treasury that could lead to the return of dividend payments.
Many investors do not expect the state to begin offloading shares in RBS until after next year’s general election.
'The path to full privatisation could be set in motion earlier-than-expected', the analysts argued. 'While we do not believe that the Government has to be fully in the black on its RBS shareholding before starting to sell shares, it wouldn’t hurt if it was close.
'We believe that from a public finances perspective, the Government may not be as far out of the money as received wisdom suggests'.
To access the complete Daily Telegraph article hit the link below: