Chancellor Philip Hammond has for the first time admitted the UK Government’s stake in RBS may be sold at a loss for the taxpayer. He told MPs that “We have to live in the real world.” The Treasury bailed out the bank by buying a 72% stake in 2008 during the Financial Crisis. For more on this and the other latest company news, Ed Bowsher spoke to Chris Bailey, founder of Financial Orbit.com

Published: Wed 19 April 2017