Commons Sense

House of Commons · Written Ministerial Statement

Financial services update

23 June 2022 · Treasury

Proposed by John Glen Con Salisbury

Business & Trade

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • Government extended trading plan to sell part of its shareholding in NatWest Group for an additional year
  • Extension aims to continue progress towards returning NatWest Group to private ownership
  • Trading plan will terminate no later than August 11, 2023

Issue summary

The government has extended its existing trading plan to sell part of its shareholding in NatWest Group (NWG) for an additional year.

Action requested

The extension represents continued progress towards returning NWG to private ownership, with the final number of shares sold contingent on market conditions and fair value. The trading plan will terminate no later than August 11, 2023.

Key facts

  • Government extends trading plan for another year from 12 August 2022.
  • Current government shareholding in NWG is approximately 48.5%.
  • Since the start of the trading plan, approximately 703.5 million shares have been sold for £1.6 billion.
  • The trading plan will terminate no later than 11 August 2023.
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