The Shanghai Composite dropped 2.3 per cent at the start of Tuesday trading, but losses were quickly pared to less than 1 per cent as state-backed banks and blue chips rallied.
The British government is planning to sell half its stake in Royal Bank of Scotland (RBS), worth around �16bn (€22.5bn), within two years of a possible first sale in September, according to people with knowledge of government thinking.
A leading business lobby group has warned that Britain is experiencing “two-tier growth” and has urged the chancellor to use the budget to revive the flagging manufacturing sector.
Rolls-Royce workers carry parts for one of its Trent XWB jet engines. The Open Gallery 1 Rolls-Royce workers carry parts for one of its Trent XWB jet engines.
Britain is at risk of becoming a second-class financial centre because of the bank levy, tight regulation on pay and uncertainty over membership of the EU, British Bankers' Association (BBA) chief Anthony Browne has warned.