Tuesday, Jul 14, 2009
Will tax payers make profit?
Times Online: Government considers plan to reduce bank holdings
The Government could start to sell part of its stakes in state-owned banks within months, but it will retain the majority of its investment for several years, it emerged yesterday.
Glen Moreno, the acting chairman of UK Financial Investments (UKFI), the body set up to manage the Government’s stakes in banks, said yesterday: “I would not be at all surprised to see some transactions occurring within a year or so . . . and continuing over the next several years.”
Posted by tim miller @ 12:33 AM (212 views) Add Comment
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