Labour's Shadow Chancellor Ed Balls has said that the test for changes at RBS centres on whether the 'taxpayer ultimately get its money back'.
– Labour's Shadow Chancellor Ed Balls
After the firesales of Royal Mail and Northern Rock, we will scrutinise George Osborne's plans for the future of RBS very carefully. As we argued when, earlier this year, the Chancellor flirted with the idea of a quick sale of RBS to a political timetable, the taxpayer interest must come first.
The tests for these changes at RBS are whether they see the taxpayer ultimately get its money back and whether they actually boost business lending and radically transform this bank to put an end to business as usual.