RBS chief: Brexit to delay sale by ‘a couple of years’

The British government’s sale of its stake in Royal Bank of Scotland Group (RBS) has been delayed by at least two years after the UK voted to leave the EU, according to chief executive Ross McEwan.

“This will be a setback, let’s be quite honest, I think at least a couple of years we’ll be pushed back because of it,” Mr McEwan said in an interview yesterday.

“You are seeing a slowdown. We’re predicting growth in GDP will slip this year.”