Osborne Said to Mull Sale of Bradford & Bingley Assets, Sky Says

  • Sale to be unveiled in budget could raise $23 billion
  • Chancellor seeks to reach U.K. surplus by end of decade

U.K. Chancellor George Osborne will call for selling assets of Bradford & Bingley, a failed bank rescued by the government, in the budget he unveils next week, Sky News reported on Saturday, quoting government officials it didn’t identify. A sale could raise 16 billion pounds ($23 billion).

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