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RBS sale: value for money?

Value for money for the taxpayer?

The government begins its sell-off of shares in part-nationalised lender Royal Bank of Scotland, raising 2.1bn.

The Treasury has started to sell its stake in Royal Bank of Scotland, making 5.2% of shares in the bank available to institutional investors.

The Treasury could begin the process of selling part of the government's stake in Royal Bank of Scotland from Monday, according to BBC sources.

RBS chief executive Ross McEwan says decisions the bank made a decade ago are still holding it back, as RBS reports a 153m half-year loss in profits.

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