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the u. k. taxpayer to swallow a seven billion pound loss chancellor george osborne announcing plans to begin to sell the government's stake in r. p. s. for bailing out the banks to bring in the back from the brink now is the time obvious to rebuild itself , as a commercial bank no longer reliant , state , serving the working people of britain , nearly seven years after its forty five billion pound bailouts obvious as a still below the government's average buying price even so reuters breaking views columnist dominic elliot's says the privatization is long overdue , it's a good thing if we can try and get all the s. back into private hands not least because the government has been in meddling in the way it's run , it hasn't helped , to improve performance , she has in the bank trading higher on thursday sale a milestone in terms of obvious is , free from the financial crisis , it also means osborne has given up his original intention to sell the shares for a profit an independent study by the investment bank rothschild has shown that there will be a seven point two billion pound loss , if the %HESITATION privatize ation was down now on the other hand if you take in all of the difference %HESITATION u. k. banks that were bailed out by the government's , positive amounts at least according to the rothschild on analysis which you can debate of course i know lists expect interest from institutional investors willing to overlook issues relating to past misconduct at the bank