Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Britain's Labour would halt RBS privatisation -shadow minister

LONDON, Feb 6 (Reuters) - Britain's opposition Labour party would halt privatisation of state-rescued Royal Bank of Scotland (RBS) if it came to power but refrain from day-to-day meddling, the party's shadow banking minister told Reuters. RBS remains 62 percent owned by British taxpayers after a 45 billion pound ($58.3 billion) bailout in the 2008 financial crisis, though the Conservative government has conducted two share sales as it looks to return the bank to private ownership. Labour's plans for the bank are among scores of policies in sharper focus as Brexit turmoil raises the chances of a change in government, though the latest poll from research consultancy Opinium shows the socialist party has dropped seven points behind the Conservatives. Having previously suggested full nationalisation of RBS, Labour has been rowing back from that position as it seeks to build bridges to the City of London (LSE: CIN.L - news) and ease concerns about a Labour-led Britain.

First found on: And then on: 2 other references