Economics and Resources
Please review each article prior to use: grade-level applicability and curricular alignment might not be obvious from the headline alone.
Pray for rain — and plant more trees
5 minute read Preview Monday, Jun. 16, 2025The bully is a person in our neighbourhood
4 minute read Preview Friday, Jun. 13, 2025Politicians held accountable — what about bureaucrats?
5 minute read Preview Saturday, Jun. 7, 2025Ottawa, Manitoba decided jointly to send evacuees to Niagara Falls
4 minute read Preview Friday, Jun. 6, 2025Manitoba’s regional authorities spent over $35M last year in the ongoing effort to keep health-care workers safe
9 minute read Preview Friday, Jun. 6, 2025British government is out of the banking business with sales of remaining shares in NatWest
2 minute read Sunday, Sep. 21, 2025LONDON (AP) — The British government sold its remaining shares in NatWest bank, which it bailed out during the 2008 financial crisis, at a taxpayer cost of 10.5 billion pounds ($14.1 billion), the Treasury said Friday.
Royal Bank of Scotland — as it was known then — was on the edge of collapse following years of rapid expansion that saw it become one of the world’s biggest banks with over 40 million customers and operations in more than 50 countries.
“Nearly two decades ago, the then-government stepped in to protect millions of savers and businesses from the consequences of the collapse," Chancellor Rachel Reeves said in a statement. “That was the right decision then to secure the economy and NatWest’s return to private ownership turns the page on a significant chapter in this country’s history.”
As part of a series of bailouts, the Labour government at the time took a majority stake in the bank as it poured in 45.5 billion pounds to keep it afloat.