Stop agonising over the likes of RBS and Lloyds If the Government finally got shot of its stakes in Royal Bank of Scotland and Lloyds Banking Group, it is hard to know who would be more pandora finished bracelets pleased. The taxpayer and Treasury who could finally feel free of these burdensome stakes, or the banks themselves who could operate as commercial entities without the presence of angry taxpayers in the background and the hand of the Chancellor on their shoulder? It's time:If the Government finally got shot of its stakes in Royal Bank of Scotland and Lloyds Banking Group, it is hard to know who would be more pleased In the case of RBS, freedom for both the taxpayer and the bank are still somewhat distant and pandora jewelry center it still looks unlikely the taxpayer will show a profit on the 45billion piled into the bank during the crisis. We should not care. Or at least not too much. The likely profit on Lloyds is welcome. It is a fillip to the Chancellor and to the squeezed public finances. But the time for agonising over RBS is over. The bailout was an essential piece of public spending. Without it the UK could have faced a truly horrific crisis. Making a profit should now be a secondary concern. The last piece of this jigsaw is RBS's settlement with the US Department of Justice over dodgy activities in the pre crisis past. It would be best to have that dealt with before a sale. But once settled there should be no obstacle to selling down the pandora gold sale taxpayers' stake in the bank. Critics will harp on if the early sales let alone the final tally show a loss. The taxpayer will be free of Lloyds within a couple of months. When we start to sell off the RBS stake, I will be pleased if we make a profit. But if the Government sells at a loss, I will not join the chorus of complainers. This is, in part, one of the beneficial effects of the market a challenge forces the target to raise its game. The risk is that it also leads to a touch of short termism. The last thing Unilever needs to carry out is a fire sale of assets. The group will need to strike a careful path between delivering faster returns for investors without damaging its long term prospects. The management of the group led by chief executive Paul Polman have been steady stewards for several years. While they must be sensitive to shareholder demands, they must not abandon that careful stewardship to make a quick buck in the short term. Most watched Money videos The new Nissan Qashqai will be in the showrooms from next month Jaguar Land Rover teases the opening of its classic car tour Instant karma!: Thief stopped by lorry driver quick thinking Investing Show: Are stockmarkets too expensive? Rolls Royce showcases its bespoke capabilities in stylish car Is this the best car used advert ever? Vitara gets CGI treatment Unsettling digital safety advert will make you think twice online The world largest luxury car Machine in Singapore Footage showing the amazing evolution of the Porsche 911 Carrera Should you worry about the election and your investments? How should investors deal with the UK election result? Investing Show: John Redwood on whether Trump can deliver Sainsbury's to buy convenience rival Nisa in 130m deal,. Daily Briefing: Possible deal as Scottish Widows in line. Jaguar Land Rover jobs drive for engineers who can create. MARKETS LIVE: FTSE up as David Davis begins Brexit talks. ALEX BRUMMER: Hammond must be heard 'failure to secure. Private equity giant Blackstone backs UK property by. Brexit vote fuelled 146bn betting frenzy in City amongst. Women's retailer Bonmarch suffers 40% profits fall as. Britain's holiday rental market booms as the weak pound. Co op Bank in 'advanced talks' with investors over. Standard Life and cheap pandora charms on sale Aberdeen Asset Management approve. MIDAS SHARE TIPS UPDATE: Vital signs are improving at. Brexit critic LSE professor appointed to the Bank of. A surprise surcharge AFTER you have paid it's the. Roaming may now be 'free' when you're abroad but you. 'Brexit is a lose lose proposition, harmful both to. Sainsbury's to buy convenience rival Nisa in 130m deal,. North South divide opens up in buy to let market as study. MOST READ MONEY PreviousDo you want to automatically post your MailOnline comments to your Facebook Timeline? Your comment will be posted to MailOnline as usual We will automatically post your comment and a link to the news story to your Facebook timeline at the same time it is posted on MailOnline. To do this we will link your MailOnline account with your Facebook account.
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