Government plans to sell taxpayers’ stake in Britain’s banks may take as long as seven years, professional services giant PricewaterhouseCoopers (PWC) has said.
In its report Back to the Future – Global Financial Institutions and the Global Financial Crisis, the company argues that the current economic climate is not ideal for the government to divest itself of its large stake in the banking system.
If the government faces difficulty in selling off its share of banks, this may limit the number of places on banking graduate schemes over the next few years.
Those who have received the best careers advice or who have professional qualifications put themselves in the best position to secure the job opportunities which are available.
Currently, the British government has an 84 per cent stake in Royal Bank of Scotland and a 43 per cent stake in Lloyds Banking Group as well as controlling nationalised lenders Northern Rock and Bradford & Bingley.
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