Share sale takes taxpayers’ holding in bailed-out bank below 12%,and total recovered to £15bnThe government has sold a further 1% of Lloyds Banking Group, taking taxpayers’ stake in the bailed-out bank to less than 12%.
The sale reduces the government’s holding in Lloyds to 11.98% from 12.97% a month ago. The Treasury has raised 15bn from selling Lloyds shares and has used the money to pay off the national debt.
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Source: theguardian.com