The UK Government’s stake in Royal Bank of Scotland appears to have diluted, albeit slightly. And the reason is due to banker bonuses.

The UKFI, the body that manages the taxpayer's stake in the country's bailed-out banks, informed investors that its stake in the bank's shares had fallen below two-thirds. Under FSA regulations, a shareholder is obliged to issue a statement to the stock market if its stake changes by more than 1%.