The announcement, contained in Britain's annual budget, said "the government intends to recommence the privatisation of RBS" by March 2019 by selling about two-thirds of its 71- per cent stake for roughly USD 19.9 billion.
The government decided in 2015 to start selling a chunk of its then stake of about 80 per cent but the plan was carried out only partially owing to the lender's low share price.