7% of RBS sold. Not sure if I'm happy about this or not. Another sign of normalisation of the UK economy but can't help feeling if they had waited another 6-12 months and the arrival of the dividend they would have got a much better price.
Can't hold them forever though and there's an opportunity cost of holding them too
Since they are borrowing about £40b a year, raising a couple of billion means they "only" have to borrow £38b in cash terms.
Our country is still screwed until we can stop borrowing more and more money imho. how you persuade the electorate that the government needs to continue to be weaned off credit is most problematic.