Britain’s Promised Brexit Bonus Goes Flat on Bank Stake Collapse

  • U.K. has lost $10.3 billion in value of RBS, Lloyds holdings
  • Banks have dropped more than 29% in two days of London trading

One of the main Brexit pledges was more funding for domestic policies. But the most immediate fiscal impact of the vote has been slashing the value of bank stakes the British government was relying on for more than 25 billion pounds ($33 billion) of income.

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