UK Chancellor Jeremy Hunt first put the City of London on notice last November of the government’s hopes to sell down a substantial part of the 31.9% stake it still holds in NatWest through a large retail share offering.
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Buyers will be able to tuck these stocks into a new British ISA, a tax-free savings account allowing an additional £5,000 annual investment in UK equities free from tax on dividends and capital gains, above the £20,000 that UK citizens can already invest in such schemes.
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