Watch: Will the RBS sell-off be worth it?

Taxpayers are expected to take a £7bn hit on the sale

Updated: 
Reuters
Will RBS Sell-Off Loss Be Worth It?

Chancellor George Osborne has announced the government is set to sell its stake in RBS.

"Now is the time for RBS to rebuild itself as a commercial bank, no longer reliant on the state but serving the working people of Britain," the chancellor says.

The move will likely end up costing the taxpayer around £7 billion, which has not won him any favours with the public.

So why sell now? This video looks at the potential factors behind his decision.