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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/rbs-sale-would-signal-recovery.jpg"><img class="alignnone size-full" title="Royal Bank of Scotland CEO Stephen Hester" src="http://londonglossy.com/wp-content/uploads/2010/12/min-rbs-sale-would-signal-recovery.jpg" alt="Royal Bank of Scotland CEO Stephen Hester"/></a></p>
<p>The sale of the Government&#8217;s shares in Royal Bank of Scotland (RBS) would be &#8220;a symbol of Britain&#8217;s recovery&#8221;, its chief executive has suggested.</p>
<p>Stephen Hester made clear he would welcome the move, saying it would help RBS &#8211; which is 83% state-owned &#8211; and provide a boost to the nation&#8217;s finances.</p>
<p>The head of Lloyds Banking Group refused to say when the Government&#8217;s 41% stake in his company should be sold off, but also held out the prospect of a windfall for the Treasury.</p>
<p>The taxpayer was &#8220;in the money&#8221;, Eric Daniels told MPs.</p>
<p>Speaking to the Treasury Select Committee, Mr Hester acknowledged criticism that money invested in banks could be better spent on schools, hospitals and roads.</p>
<p>He denied having discussed the Government&#8217;s shareholding in RBS &#8211; arising from its 2008 bailout &#8211; with Chancellor George Osborne.</p>
<p>But he said that sales of the shares would be &#8220;a very important positive for both the nation and RBS&#8221;.</p>
<p>&#8220;I think it would be a symbol of Britain&#8217;s recovery, it would help the public purse, it would be a symbol of RBS&#8217;s recovery, it would help all sides,&#8221; he said.</p>
<p>Giving evidence separately to the select committee, Mr Daniels said it was up to the Government when it sold its shareholding in Lloyds.</p>
<p>But asked about the likely price, he said: &#8220;The price currently is above the break-even point for the Government, so the taxpayer is in the money.&#8221;</p>
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