The end of the UK’s ‘bailout era’

英国“救助时代”的终结

Behind the Money

2025-06-25

16 分钟
PDF

单集简介 ...

The Royal Bank of Scotland was once the biggest bank in the world. Then, hubris got the best of it. During the financial crisis the UK government spent £46bn to bail out the bank. Seventeen years and a rebrand to NatWest Group later, the government just sold its last shares in it and officially ended the country’s “bailout era”. The FT’s Akila Quinio analyses what this means for the economy and for NatWest.   Clips from ABC News, BBC, NBC  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: The RBS story: how the world’s biggest bank was nationalised and then reborn NatWest’s freedom dividend has already been cashed NatWest must not forget its chequered past - - - - - - - - - - - - - - - - - - - - - - - - - -  Follow Akila Quinio on X (@akilazoe). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
更多

单集文稿 ...

  • Balance your trading strategy by adding futures.

  • CME Group helps you manage risk and capture opportunities in all market environments.

  • Capitalize on around the clock access to highly liquid global futures and options markets across all major asset classes.

  • Visit your online broker and get started.

  • See what adding futures can do for you at cmegroup.com slash podcast.

  • Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profits you might have made.

  • This is not a recommendation to offer to buy, sell, or retain any specific investment or service.

  • Late last month,

  • the UK government privatized the final bank that it bailed out during the 2008 financial crisis.

  • So it's a very symbolic moment, the closing of this whole chapter of Britain's bailout era.

  • It was a huge deal for the bank and it was even more awaited and dramatic

  • because it took so long to happen.

  • I mean, it had been 17 years.

  • That bank is called NatWest Group.

  • It used to be called Royal Bank of Scotland, or RBS.

  • And you heard that right.

  • UK government had been the bank's owner for the last 17 years.

  • And that had plenty of knock-on effects.

  • So owning the stake in RBS and in NetWest was a pretty big drag on the government finances.

  • It was expensive for taxpayers.