Vince Cable: chancellor ‘irresponsible’ for selling off RBS

Cable says chancellor should not press ahead with sale of RBS.Vince Cable has accused the chancellor of being “irresponsible” over his decision to sell off two-thirds of its remaining stake in bailed-out lender RBS at a significant loss.The budget red book assumes that £3bn a year will be raised over the next five years from the sale of RBS shares, helping to offset the extension in the Help to Buy scheme announced at September’s party conference.