Natwest returns to private ownership. However, today the government confirmed a £10.5bn loss to taxpayers since the bank was rescued during the 2008 financial crisis.

Natwest returns to private ownership



Posted by Make_the_music_stop

6 comments

  2. The country will be around for a while, why can we not keep 5% till it’s paid off

  3. The reality is that it cost us £10.5bn to save the economy in 2008.

    If RBS/NatWest had folded, that would have damaged the U.K. economy. Thousands of businesses would have crashed, millions of mortgages would have been called in and millions would have lost savings and relied completely on the state to fund their retirement. Bailing out the bank, with an ultimate loss of £10.5bn over the 18 years was far more economic than dealing with the fallout from the country’s biggest bank failing.

  4. Nice. Just wonderful. Maybe we should send the bailiffs?

  5. Good result: 10bn is nothing compared to the cost of a wrecked economy. It was never about saving the bank, it was about saving the country from financial ruin.

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