Chris Leslie
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Labour: RBS deal 'must not be hasty firesale'

The UK government is in talks to sell a significant stake in the Royal Bank of Scotland (RBS) to Abu Dhabi, the BBC has learned.

The government, which controls 82% of RBS, has for months been negotiating with Abu Dhabi sovereign wealth funds.

It could sell up to a third of its stake to Abu Dhabi, one of the seven states of the United Arab Emirates.

Reacting to news of the negotiations, shadow financial secretary Chris Leslie warned against a "hasty firesale" saying it "could leave the taxpayer billions of pounds out of pocket".

  • 26 Mar 2012
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