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May 30 (Reuters) - Vince Cable, Britain's businesssecretary, said in an interview with the Financial Times onThursday that the sell-off of the part-nationalised Royal Bankof Scotland is "not in any sense urgent" and thatTreasury ministers and officials were acting hastily on theissue.
Conservative Prime Minister David Cameron has said severaltimes this year that the bank, more than 80 percent-owned by thegovernment, should be returned to private ownership as soon aspossible.
Cable, a Liberal Democrat, also told the FT the governmentshould not give up its plans to spilt up RBS and Lloyds BankingGroup to bring back competition in the sector.
"There are strong views on that. I keep being told there arebig IT complexity problems ... But from a policy point of view,it would be better if we had more competing institutions," thepaper quoted him as saying.
"You could sell it (RBS) off in bits and create morecompetition. There is a point at which the two issues -competition and ownership - do intersect," he told the FT.
Cable also expressed concerns that the RBS stake could besold off at a loss to taxpayers, the FT said.
He further said that there is a "possibility" of aCompetition Commission inquiry into the banking sector soon, thereport added.
