Prime minister David Cameron has hinted he wants to sell off the Government’s stake in Royal Bank of Scotland by offering shares to voters ahead of the next election.
According to the Financial Times , Cameron said yesterday he is open to the idea of “involving people in owning this bank in a genuine way”.
He said he wants the bank to return to “good health” and be ready for a sale “as fast as possible”, which could see it privatised as early as next year.
The FT says the Treasury is considering a business model where shares would be distributed to up to 45 million people at a pre-determined price base.
The public would not pay any money for the shares but would benefit from any rise in the share price above the base rate. The Treasury would recoup the base price when the shares are sold.