Labour has refused to commit to the NatWest share sale, saying it will ‘review the details’ if the party wins the General Election. In a blow to the bank and ordinary investors, the sale that was planned for later this summer has been put on ice until after the vote on July 4. It would have been the largest sell-off to the public since Royal Mail listed on the stock exchange in 2013. Abandoning the sale is ‘a missed opportunity to encourage more people to develop a long-term saving and investment habit,’ he added. ‘Indeed, it would be symbolic for a new Labour government to sell the shares, given NatWest was effectively put under government control by the previous Labour administration,’ he said.

Source: Daily Mail May 29, 2024 03:20 UTC