By James Chapman PUBLISHED: 15:24 EST, 19 June 2013 | UPDATED: 01:41 EST, 20 June 2013 Britain has ‘left intensive care’ and its economic recovery means the Government can start to return the taxpayer-owned banks to the private sector, the Chancellor declared last night. A sell-off of Lloyds could begin within months, while Royal Bank of Scotland may be split into two before shares are offered, almost certainly after the next election. George Osborne announced an urgent review of proposals to divide RBS into a ‘good bank’ which can lend more to homebuyers and small firms, and a ‘bad bank’ to isolate its toxic assets.
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Osborne announces review of dividing RBS into 'good' and 'bad' bank
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Sell-off of Lloyds - which is 'in a good position' - could begin in months
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He was speaking last night at annual Mansion House speech in London
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London last night, he said ‘nothing better signals @placeholder’s move from
Lloyds
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taxpayers’ money into RBS and £20.5billion into @placeholder as they neared
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RBS
RBS
Despite 23 years at the @placeholder, he admits leaving ‘much unfinished business’, such as a broken banking system and a fragile economy.