{"id":59922,"date":"2015-08-03T16:06:01","date_gmt":"2015-08-03T16:06:01","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=799a7295fab5ed3b3e71cc9ee240564f"},"modified":"2015-08-03T16:06:01","modified_gmt":"2015-08-03T16:06:01","slug":"news-story-ukfi-advises-chancellor-to-begin-selling-part-of-governments-shareholding-in-rbs","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=59922","title":{"rendered":"News story: UKFI advises Chancellor to begin selling part of government&#8217;s shareholding in RBS"},"content":{"rendered":"<div class=\"govspeak\">\n<p>HM Treasury spokesperson said:<\/p>\n<blockquote>\n<p>UK Financial Investments (UKFI) today (3 August 2015) <a rel=\"external\" href=\"http:\/\/www.ukfi.co.uk\/press-releases\/\">advised the Chancellor<\/a> it would be appropriate to conduct the first sale of the government\u2019s shareholding in the Royal Bank of Scotland. The Chancellor agrees with that advice and has authorised the process to begin.<\/p>\n<p>The government set out its objectives for its shareholdings in the banks in the Chancellor\u2019s annual Mansion House speech in June 2013 \u2013 getting the best value for the taxpayer, maximising support for the economy and restoring them to private ownership \u2013 and as set out in that address, the government will only conclude a sale if these objectives are met.<\/p>\n<p class=\"last-child\">In his <a href=\"https:\/\/www.gov.uk\/government\/speeches\/mansion-house-2015-speech-by-the-chancellor-of-the-exchequer\">Mansion House speech<\/a> in June this year, the Chancellor announced his intention to start returning RBS to the private sector in the coming months, following advice from the Governor of the Bank of England.<\/p>\n<\/blockquote>\n<p>Please see the <a rel=\"external\" href=\"http:\/\/www.ukfi.co.uk\/press-releases\/\">announcement made by UK Financial Investments<\/a> today (3 August 2015) for important legal messages about the proposed sale.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>UK Financial Investments (UKFI) has advised the Chancellor it would be appropriate to conduct the first sale of the government\u2019s shareholding in RBS.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/59922"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59922"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/59922\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}