George Kerevan – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by George Kerevan on 2015-09-17.

To ask Mr Chancellor of the Exchequer, what assessment he has made of allegations of unusual volumes of short selling of RBS shares in the period immediately before the August 2015 share offering by UKFI.

Harriett Baldwin

The Chancellor and UK Financial Investments (UKFI) take the allegations of unusual volumes of short selling of RBS shares very seriously. UKFI have analysed the volume of shares on loan in the period immediately before the August 2015 share offering.They have concluded that the increase in the volume of shares on loan ahead of the sale was not material, and did not impact on the final price achieved.