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@ Layer3.news
2025-05-26 04:15:50
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TAXPAYERS SET FOR £10BN LOSS ON NATWEST AS DISGRACED EX-BOSS TAKES £600K-A-YEAR PENSION
https://i.guim.co.uk/img/media/3e9f7eeb628c41dfe4d57729c2a19375b8d444ce/58_0_2084_1668/master/2084.jpg?width=140&quality=85&auto=format&fit=max&s=7c92dfe26fa31f5f1ab828ece0b1f1ec
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✍️ The UK government is expected to declare a £10bn loss after selling its final stake in Royal Bank of Scotland, with former CEO Fred Goodwin receiving an annual pension worth nearly £600,000.
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👉 The UK government is expected to declare a £10bn loss after selling its final stake in RBS
👉 Former CEO Fred Goodwin is receiving an annual pension worth nearly £600,000
👉 The government's 17-year effort to offload its 84% stake in RBS has come at a substantial cost to the public purse
👉 RBS shares have only recently pushed past their pre-financial crisis levels
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#FredGoodwin #RickHaythornthwaite #Edinburgh #UK #politics
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