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The Guardian - UK

National

Julia Kollewe

Government may sell UK’s remaining stake in NatWest to public, says Jeremy Hunt

Jeremy Hunt NatWest United Kingdom Sid Lloyds

The outside of a NatWest branch on a high street — The chancellor said the remaining shares it owns in NatWest would be sold ‘subject to supportive market conditions’. Photograph: Maureen McLean/Shutterstock

The UK government will explore options for selling off its remaining 38.6% stake in the high street lender NatWest Group and plans to invite the public to buy shares, Jeremy Hunt has announced.

Delivering his autumn statement in parliament, the chancellor said he would “explore options” for a retail share offer in the next 12 months but said it would be “subject to supportive market conditions and achieving value for money”. This means shares can be bought by anyone, whereas previous share sales were limited to financial institutions.

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