NatWest walks away with billions of public money - Socialist Party Scotland

NatWest walks away with billions of public money - Socialist Party Scotland

Jimmy Haddow Starmer’s Labour government has sold the last of its interest in NatWest – formerly Royal Bank of Scotland – returning the bank fully to private hands. This after 17 years and over £46 billion in a publicly funded bailout following the 2007/08 banking and financial crisis. Actually, the UK government has only received £35 billion back from the bank’s bosses, which means the capitalists got it on the cheap by saving themselves £10.5 …