Treasury has been selling NatWest shares at ever-higher prices on stock market and they have gone from 218p at new year to 326p
• Business live – latest updates
The government’s plan to sell shares in NatWest to the general public is so advanced that the odds on the chancellor pulling the plug on a pet project are slim. Investment bankers from Barclays and Goldman Sachs are doing their well-remunerated stuff, and M&C Saatchi is knocking up some adverts. The go-ahead for a rah-rah pre-election retail share offer is expected any week now.
In a rational world, though, Jeremy Hunt would call the whole thing off. He already has a tried-and-tested method for disposing of the state’s NatWest shares and – this is the point – it is working splendidly.
Continue reading…Treasury has been selling NatWest shares at ever-higher prices on stock market and they have gone from 218p at new year to 326p• Business live – latest updatesThe government’s plan to sell shares in NatWest to the general public is so advanced that the odds on the chancellor pulling the plug on a pet project are slim. Investment bankers from Barclays and Goldman Sachs are doing their well-remunerated stuff, and M&C Saatchi is knocking up some adverts. The go-ahead for a rah-rah pre-election retail share offer is expected any week now.In a rational world, though, Jeremy Hunt would call the whole thing off. He already has a tried-and-tested method for disposing of the state’s NatWest shares and – this is the point – it is working splendidly. Continue reading…
