Jeremy Hunt to announce UK government sale of NatWest shares

State's one-third share in the bank, now worth about 6.7bn, is left over from the 84% holding taken during the 2008 financial crisis

The UK government will look to raise as much as 3bn-4bn from selling a chunk of its shares in NatWest bank to the public in a measure expected to be announced by the chancellor in his budget next week.

Jeremy Hunt said in his autumn statement last year that he would explore options" for a retail offering of part of the state's remaining one-third share in the bank, now worth about 6.7bn.