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Reprivatization of RBS bank 'unrealistic' in next five years: UK minister

By Costas Pitas LONDON (Reuters) - Britain's largely state-owned Royal Bank of Scotland <RBS.L> is unlikely to be reprivatized before 2018, Business Secretary Vince Cable said in an interview published on The Telegraph newspaper website on Saturday. "I don't think it would be sensible for the government to set a rigid timetable, but given where we start from, I think it is pretty unrealistic to think of RBS going back into private ownership this parliament or probably within five years," Cable said.

Reprivatisation of RBS bank 'unrealistic' in next five years: UK minister

By Costas Pitas LONDON (Reuters) - Britain's largely state-owned Royal Bank of Scotland <RBS.L> is unlikely to be reprivatised before 2018, Business Secretary Vince Cable said in an interview published on The Telegraph newspaper website on Saturday. "I don't think it would be sensible for the government to set a rigid timetable, but given where we start from, I think it is pretty unrealistic to think of RBS going back into private ownership this parliament or probably within five years," Cable said.

Vince Cable says business rates may need shake-up

LONDON (Reuters) - Britain's business minister said on Wednesday that the government should examine a possible shake-up of the country's "old fashioned" business rates regime to help struggling retailers. "We're not going to change this overnight, it's not going to happen in the (March 20) budget," Vince Cable said at the Retail Week Live conference.

Britain's business minister urges rethink of lending scheme

* Says scheme needs adapting to boost lending to firms * Has written to Bank of England seeking discussions * Bank of England needs to be "more open-minded" By William Schomberg COVENTRY, England, Feb 16 (Reuters) - Britain's business minister called on the Bank of England on Saturday to consider new ways to unblock the flow of credit to small companies in order to help the country's sluggish economy.
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