UK's 15 billion pound RBS sale to boost government coffers

LONDON (Reuters) – Britain will reprivatise bailed-out lender Royal Bank of Scotland (RBS.L) by selling 15 billion pounds of shares, according to budget documents released on Wednesday, in a boost to chancellor Philip Hammond’s coffers.

A customer uses an ATM at a branch of RBS (Royal Bank of Scotland) bank in the City of London financial district in London September 4, 2017. REUTERS/Toby Melville

The government will begin the delayed share sale by selling 3 billion pounds of shares in RBS before the end of the 2018-19 fiscal year and the shares will be

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