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Who would buy back UK banks from the government?

As the UK government now holds significant stakes in Royal Bank of Scotland, Lloyds bank and total ownership of Northern Rock and parts of Bradford & Bingley, it seems only a matter of time before the authorities will look to reduce the national debt and spin off these share stakes. But who would actually be in the market to acquire a UK bank at this particular time?



Even though the UK banking sector has been renowned around the world for some time and extended tentacles into markets as far apart as the USA, China, Japan and Brazil to name but a few, it seems as though the sector is now under intense pressure from overseas counterparts. Despite the fact that many US companies, banks in particular, have struggled over the last few months it would appear that the likes of Lloyds bank, Royal Bank of Scotland and Northern Rock could see ownership of taxpayer share stakes sold off to overseas parties.



This will be yet another nail in the coffin of a traditional UK sector which appears to be on its knees. We have seen overseas companies take over the water sector, electricity sector as well as UK car manufacturing all but disappear over the last 20 years. Is it not time that the authorities acted to safeguard and secure vital services and companies in the UK?

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