Commenting on the government plan to sell 7.7% stake in RBS Leader of the Liberal Democrats Vince Cable said:

“The Conservatives should not be offloading these shares at such a huge loss – there is no urgency for this sale.

“It is much more important that, as the biggest shareholder, the government puts pressure on the management at RBS to get their house in order so that the share price is maximised and taxpayers get the value for money they deserve for rescuing the bank in the first place.”