Justine Greening
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RBS recovery will take 'some time', says Greening

RBS, which is more than 80% owned by the taxpayer, has announced a half-year loss of £1.4bn compared to a small profit this time last year.

RBS has had to put money aside to compensate people who were mis-sold payment protection insurance and has also had to write down debts owed by Greece.

The Economic Secretary to the Treasury Justine Greening, confirmed that plans for taxpayers to see a return for bailing out RBS have gone backwards.

  • 05 Aug 2011