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The Treasury has sold £1.24 billion worth of shares back to NatWest Group PLC (LSE:NWG), bringing the government's stake down from 27% to 22.5%. It comes after the government announced an expected delay in the eagerly awaited retail offer due to Prime Minister Rishi Sunak announcing an election set for 4 July.

The British government has sold 1.24 billion pounds ($1.58 billion) worth of shares in Natwest Group back to the lender, it said on Friday, decreasing its stake to about 22.5% from nearly 26% previously.

NatWest Group PLC (LSE:NWG)'s online banking app has been down since around 5:40 am, according to Downdetector, hitting thousands of users who have reported various error messages when attempting to log in. A page suggested checking WiFi settings and updating the app, but the issue seems to be with NatWest's servers.

Britain's finance ministry said it was "working through internal due process" when asked to clarify the possible impact of a July 4 election on the government's proposed retail offer in NatWest , a spokesperson told Reuters in an emailed statement on Thursday.

Shares in Natwest fell slightly in early London trading on Thursday, after Reuters reported that Britain was poised to scrap a milestone sale of the bank's shares to the general public as PM Minister Rishi Sunak called a surprise election.

The government's plans for a retail sale of its NatWest Group PLC (LSE:NWG) stake have been derailed by the calling of an early general election. After the past couple of years saw the Treasury steadily selling down the large stake in the bank that resulted from the bail-out in the 2008 financial crisis, a multibillion-pound offering for private investors and large institutions had been planned by Chancellor Jeremy Hunt, confirmed in his March Budget.

The government's plans for a retail sale of its NatWest Group PLC (LSE:NWG) stake have been derailed by the calling of an early general election. After the past couple of years saw the Treasury steadily selling down the large stake in the bank that resulted from the bail-out in the 2008 financial crisis, a multibillion-pound offering for private investors and large institutions had been planned by Chancellor Jeremy Hunt, confirmed in his March Budget.

Britain is poised to scrap a milestone sale of shares in NatWest Group to the general public, three sources familiar with the matter said on Wednesday, hours after Prime Minister Rishi Sunak called the UK's first July general election since 1945.

NatWest Group PLC (LSE:NWG)-owned Ulster Bank's is among the nine in 10 saving accounts left offering inflation-beating rates after prices subsided last month, according to Moneyfacts. After the consumer price index climbed by 2.3% in the year to April, the comparison site said 1,558 savings accounts had been left with inflation-beating rates.

NatWest Group PLC (LSE:NWG)-owned Ulster Bank's is among the nine in 10 saving accounts left offering inflation-beating rates after prices subsided last month, according to Moneyfacts. After the consumer price index climbed by 2.3% in the year to April, the comparison site said 1,558 savings accounts had been left with inflation-beating rates.