A burden for future governments
If you haven’t already, it’s well worth reading Robert Peston’s analysis of the first annual report from UKFI, the government’s banking wing. There are plenty of fascinating titbits in there, but this passage on how long it will take the government to sell its shares in Lloyds and RBS rather jumped out at me: “As the annual report makes clear, flogging perhaps £100bn of stock in Lloyds and RBS – which is what the holdings may easily be worth in a couple of year – can’t be done overnight. That’s just too big a mouthful for investors to swallow quickly. How can I be certain? Well in the entire history