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cover of episode The end of the UK’s ‘bailout era’

The end of the UK’s ‘bailout era’

2025/6/25
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Michaela Tendera
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Michaela Tendera: 作为FT的记者，我认为英国政府私有化最后一家银行，即NatWest集团，标志着一个时代的结束。虽然这对银行本身是好消息，但英国经济仍在应对金融危机的遗留问题。政府救助银行虽然避免了更大的混乱，但也给公共财政带来了长期的压力。现在，英国需要找到新的增长点，同时避免重蹈覆辙。 Akilah Keeney: 作为一名银行业记者，我深入研究了NatWest（前RBS）的转型历程。在金融危机前，RBS盲目扩张，最终因收购而陷入困境。政府的救助是必要的，但也带来了长期的负担。现在，NatWest已经重塑形象并恢复私有化，但英国经济面临的挑战依然存在。政府试图通过放松监管来促进增长，但这需要谨慎权衡风险。

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The UK government's sale of its last shares in NatWest Group marks the end of the country's "bailout era," concluding a 17-year chapter that began with the 2008 financial crisis. This event has significant implications for the bank, the UK banking industry, and the UK economy.
  • The UK government privatized its last stake in NatWest Group, formerly RBS, after 17 years.
  • The bailout cost UK taxpayers £45.5 billion.
  • The event marks the symbolic end of the UK's "bailout era."

Shownotes Transcript

The Royal Bank of Scotland was once the biggest bank in the world. Then, hubris got the best of it. During the financial crisis the UK government spent £46bn to bail out the bank. Seventeen years and a rebrand to NatWest Group later, the government just sold its last shares in it and officially ended the country’s “bailout era”. The FT’s Akila Quinio analyses what this means for the economy and for NatWest.  

Clips from ABC News, BBC, NBC 

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For further reading:

The RBS story: how the world’s biggest bank was nationalised and then reborn)

NatWest’s freedom dividend has already been cashed)

NatWest must not forget its chequered past)

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Follow Akila Quinio on X (@akilazoe)). Michela Tindera is on X (@mtindera07)) and Bluesky (@mtindera.ft.com)), or follow her on LinkedIn for updates about the show and more.

Read a transcript of this episode on FT.com) Hosted on Acast. See acast.com/privacy) for more information.