U.K. Said to Prepare Bank-Stake Sales for Pre-Election Windfall

Gavin Finch, Jon Menon and Thomas Penny

A sale of the British taxpayer’s 65.8 billion-pound ($107 billion) stake in Lloyds Banking Group Plc and Royal Bank of Scotland Group Plc is likely to start next year, creating a one-time budget windfall before the next election, according to four people familiar with the talks.

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