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Rachel Reeves insists changes to welfare needed
- The UK Government's stake in the Royal Bank of Scotland has decreased from 38% in December 2023 to 4.82% now, following share sales and buybacks.
- Mr. Thwaite mentioned on February 14 that the government’s selling pace suggests the stake sell-down could finish in the first half of the year.
- Matt Britzman stated that a full return to private hands would be a welcome development for investors awaiting the bank's independence.
- A NatWest Group spokesperson confirmed the shared ambition with the government to return the bank to full private ownership, noting that the Treasury’s shareholding has dropped significantly.
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The 7 cuts Reeves could make at Spring Statement - including PIP and education
Rachel Reeves faces a challenging climate ahead of the Spring Statement.The Office for Budget Responsibility is expected to confirm the £9.9bn in financial headroom she had will be wiped out when it publishes its forecast on 26 March.Reeves has insisted she will not bend her fiscal rules – to not borrow to fund day to day public spending and to get debt falling as a share of national income by the end of the parliament. While the Government has …
·London, United Kingdom
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Coverage Details
Total News Sources11
Leaning Left3Leaning Right1Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 38%
C 50%
12%
Factuality
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