HM Government has now signalled the sale of its majority stake in The Royal Bank of Scotland plc. The UK Tax payer owns over 80% of the bank, via the state investment company UK Financial Investments.<\/p>\n
In 2008, as the height of the financial crisis, the UK government had to immediately pump in \u00a345bn<\/strong> to keep the bank afloat.<\/p>\n The RBS balance sheet in 2008<\/strong> was:-<\/p>\n Total assets \u00a32,401,652m<\/strong> The RBS balance sheet in 2014<\/strong> was:-<\/p>\n Total assets \u00a31,050,763m One can see in the 7 years since the financial crisis that RBS balance sheet has more than halved, via all the disposals that have taken place.<\/p>\n","protected":false},"excerpt":{"rendered":" HM Government has now signalled the sale of its majority stake in The Royal Bank of Scotland plc. The UK Tax payer owns over 80% of the bank, via the state investment company UK Financial Investments. In 2008, as the height of the financial crisis, the UK government had to immediately pump in \u00a345bn to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1160","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1160"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1160\/revisions"}],"predecessor-version":[{"id":1162,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1160\/revisions\/1162"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nYes, \u00a32,401 billion = \u00a32.4 Trillion<\/strong>. That was larger than the UK GDP in 2008<\/strong>.<\/p>\n
\nYes, \u00a31.050 billion = \u00a31.05 Trillion<\/strong>.<\/p>\n