On 4 June 2025, UKP issued written statements dated 3 June, 2025 from the House of Commons and House of Lords confirming UK GVT is no longer a shareholder in NatWest Group due to disposal of remainder of its shares through the trading plan.
- In total, UK GVT raised £24.8bn in proceeds from sales of its shares in NatWest.
- Also accounting for dividends, other fees, it received £35bn for its shareholding in NatWest, approximately £10.5bn lower than capital provided to stabilize the bank.
- However, the government believes that the cost of not acting to protect the economic and financial stability of the UK economy would have far exceeded £10.5bn.
- The statements set out policy rationale that UK GVT was committed to returning NatWest to full private ownership, given original policy objective for intervention – to preserve financial and economic stability during crisis – has long been achieved.
- Also set out format, timing of final sale, and detail on UK GVT shareholding in NatWest.