Ministers apply ending touches to ‘Inform Sid’-style NatWest supply
Ordinary traders will likely be awarded 'bonus' shares in NatWest Group in the event that they maintain onto inventory they purchase within the taxpayer-backed financial institution, below a plan anticipated to be finalised by ministers later this month.Sky News has learnt key particulars of the choices being explored by the Treasury for a multibillion pound retail supply of NatWest shares, together with a probable £10,000 cap on functions from members of the general public.
Jeremy Hunt, the chancellor, introduced in final 12 months's autumn assertion that he would discover a mass-market share sale "to create a new generation of retail investors".Since that time, additional buybacks by the financial institution and inventory gross sales by the federal government have decrease...