Thursday, June 3, 2010
Who will buy? lol
Politicians should be less fixated on selling the stakes for more than the price they were bought at, according to the report, which says a quick sale could help steady the UK's finances. JP Morgan Cazenove analysts estimate the cost of funding the state's holdings in Lloyds and RBS at Â£3.2bn a year, and recommend the Government stave off a ratings downgrade by selling the stakes quickly.