Government sells another £1bn in NatWest shares as full privatisation edges closer

The UK government’s stake in NatWest has decreased to 11.4% after the bank repurchased £1 billion worth of shares, moving closer to full privatization as chancellor Rachel Reeves abandoned plans for a public share sale. NatWest’s share price has nearly doubled in the past year, reaching its highest levels since 2015, driven by strong performance and higher-than-expected profits. Reeves cited concerns over value for money in canceling the public sale, disappointing retail investors who are important backers of UK companies according to Hargreaves Lansdown’s Sarah Coles.

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