Chuka Umunna

Report into RBS passed to watchdogs

Business secretary Vince Cable has passed a report that claims RBS has put some “good and viable” businesses into default financial regulators.

Government advisor, Lawrence Tomlinson has released a report today which focuses on the way that RBS has been operating its Global Restructuring group (GRG).

The GRG is the ‘turnaround’ division of RBS which takes loans viewed as risky...

Royal Mail privatisation set to proceed, government announces

The government has given notice of its intention to proceed with the privatisation of what it has indicated will be the majority part of the Royal Mail.

Notice has been given to the London Stock Exchange with the plans set to begin in the coming weeks.

10% of the shares will be given to UK Royal Mail employees - 150,000 given free with a priority offer for additional shares,...