UK chancellor says taxpayer has now recovered every penny of the £20.3bn bailout of 2008 with its one-time stake of 43% very soon to descend to zeroThe government has recouped the £20.3bn it ploughed into Lloyds Banking Group during the financial crisis,the chancellor has said.
Just days after admitting that the taxpayer faced multibillion-pound losses on its stake in Royal Bank of Scotland, Philip Hammond said the government had now “recovered every penny of its investment in Lloyds”. Related: Lloyds Banking Group timeline: from bailout to government sale Continue reading...
Source: theguardian.com