Osborne Says U.K. Plans Faster Sale of Lloyds Shares in 2015
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The U.K. government plans to accelerate the disposal of its stake in Lloyds Banking Group Plc by selling at least 9 billion pounds ($13.2 billion) of the lender’s shares in the next year.
“Lloyds bank has returned to profit and is paying a dividend, so we can continue our exit from that bailout,” Chancellor of the Exchequer George Osborne said in his budget statement in London on Wednesday. “The last government put taxpayers’ money into the banks, and this government is getting it back.”