Stephen Williams: Treasury must deliver the best deal for the taxpayer in RBS deal

"It is of course right for the Treasury to explore all options before selling RBS. However, it is absolutely essential that any sale is done to deliver the best possible benefit to the tax payer.

"The best way to guarantee a fair deal for taxpayers would be through the mass distribution of the stakes the Government owns in RBS and Lloyds. It is the fairest way of giving taxpayers a share of the rewards while ensuring the Treasury returns its investment.

"If a sovereign wealth fund wants to buy shares in RBS they should be buying them direct from the taxpayer, so those people who bailed out the bank enjoy the greatest return."