The government has been gradually selling off its holding since 2015
Nigel Farage has issued a warning to the Chancellor over the selling of NatWest Group shares.
Speaking on GB News, Nigel Farage said: “One of the big statements of the budget was that after all these years, the government is going to sell its remaining stake - nearly 38% - in National Westminster Bank.
“Now, it's fair to say that I have some degree of interest in this subject.
“We still own about £7 billion-worth of NatWest shares. And the idea is the government sells these shares, retail investors such as people in this room will buy the shares at a discounted price.
“But I have a problem with that. Until the NatWest Group provides full disclosure and apologizes for their behaviour and their cover ups, why should any retail customer trust them?
“Mr. Hunt, if you want to get about 7 billion quid back for the Treasury to help you balance the books, you better make sure that NatWest which you, at the moment, are the major shareholder and honour their obligations to me, stop the cover up, stop the lies and start telling the truth.
“If they think they're going to go ahead with the share sale and I'm going sit on the sidelines and say nothing until the wrongs are being righted; You know what? I quite like a fight.”
