Conservatives Vow Thatcher-Style Lloyds Sale to Investing Public

Britain’s Conservatives plan to sell shares of bailed-out Lloyds Banking Group Plc to the public in a discounted mass privatization that recalls the selloffs of the Thatcher era in the 1980s.

In an interview with the British Broadcasting Corp., Prime Minister David Cameron said Sunday he wants to recoup the 20 billion pounds ($29.9 billion) taxpayers spent to bail out the nation’s largest mortgage lender during the financial crisis. Earlier, Chancellor of the Exchequer George Osborne set out some details of the plans in a piece in the Sunday Telegraph.