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Osborne Weighs Lloyds Sale as RBS Breakup Examined: U.K. Credit

Chancellor of the Exchequer George Osborne said the U.K. government is “actively considering” selling shares in Lloyds Banking Group Plc, though privatizing Royal Bank of Scotland Group Plc is still some way off.

“Five years on from the financial crisis, we can now take the first steps to returning Lloyds to the private sector where it belongs,” Osborne told financiers in his annual Mansion House speech in London yesterday. “Of course, we will only proceed if we get value for the taxpayer. And we have no pre-fixed timescale or method of disposal.”