Tag: UKChancellor
UK Chancellor To Sell Large NatWest Stake: Throwback to 2008 Financial Crisis
According to the Guardian on Wednesday 28th February, UK Chancellor of Exchequer Jeremy Hunt announced that he would look to sell the remaining 39% of the government’s stake in NatWest. During the 2008 financial crisis, the government gave a bailout to many banks by buying a substantial proportion of their stock. This was necessary to…