Advertisement
UK markets open in 39 minutes
  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     
  • HANG SENG

    16,781.68
    +269.99 (+1.64%)
     
  • CRUDE OIL

    83.02
    +0.17 (+0.21%)
     
  • GOLD FUTURES

    2,320.90
    -25.50 (-1.09%)
     
  • DOW

    38,239.98
    +253.58 (+0.67%)
     
  • Bitcoin GBP

    53,988.32
    +235.50 (+0.44%)
     
  • CMC Crypto 200

    1,403.49
    -11.27 (-0.80%)
     
  • NASDAQ Composite

    15,451.31
    +169.30 (+1.11%)
     
  • UK FTSE All Share

    4,362.60
    +66.19 (+1.54%)
     

But The Chancellor Insists It Was The Right Thing To Do

The government has sold the first tranche of its shares in the Royal Bank of Scotland at a one billion pound loss. The Chancellor has insisted the sell off is the 'right thing to do'. But the timing of the Treasury's decision has been fiercely criticised for leaving the taxpayer out of pocket. So why sell now? Sky's City Editor Mark Kleinman explains.