NatWest bailout cost UK taxpayers 10.5 billion since 2008 crisis
Briefly

The Independent focuses on delivering essential journalism surrounding pivotal issues such as reproductive rights, climate change, and Big Tech. Their commitment to accessible news contrasts with many outlets that impose paywalls. This commitment comes at a crucial time in U.S. history, where factual reporting is necessary for informed public discourse. The article then shifts to discuss the UK government's sale of its remaining shares in NatWest, marking a return to private ownership after a significant financial rescue during the 2008 crisis, with taxpayers absorbing a 10.5 billion loss.
Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', we know how important it is to parse out the facts from the messaging.
The government has sold its remaining shares in NatWest, confirming a 10.5bn loss to taxpayers since the bank was rescued during the 2008 financial crisis.
Chancellor Rachel Reeves said: '...NatWest's return to private ownership turns the page on a significant chapter in this country's history.'
Bosses at NatWest said it was a significant moment and thanked taxpayers for rescuing it 17 years ago.
Read at www.independent.co.uk
[
|
]