Responding to the news that Royal Bank of Scotland has announced its ninth consecutive multi-billion pound loss, Alex Wild, Research Director of the TaxPayers' Alliance, said:
"Every day the government holds on to these shares they are risking further losses. Some ridiculed the previous chancellor for crystalising a £1 billion loss but since that sale the share price has fallen by 30 per cent so the only mistake he made was not selling the lot. If politicians really think RBS is such a great investment they should buy some shares themselves rather than gambling with taxpayers' money."
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