RBS share sale by 2024

tHE treasury has set a target of March 2024 by which to sell all of its remaining shares in royal Bank of Scotland.

this is the first time the government has confirmed a deadline by which fully to reprivatize the bank, after rescuing it a decade ago at the height of the financial crisis.

Previously the government had committed to selling £15bn worth of shares - around two thirds of its stake at market value at the time - by 2023.

But in yesterday’s Budget the government said rBS ‘has made significant further progress on resolving its legacy issues’, and it now plans to sell all of its stake as long as it can achieve ‘value for money’.