Nearly a decade and a half since stepping in to save the Royal Bank of Scotland Group during the financial crisis, the UK Government has ceded control for the first time, after selling off shares.
The Treasury said it has sold £1.2bn worth of shares in NatWest Group - which RBS rebranded to in 2020 - taking its stake to less than 50%.
Economic secretary to the Treasury John Glen said: “This sale means that the government is no longer the majority owner of NatWest Group and is therefore an important landmark in our plan to return the bank to the private sector.
