Chancellor will be keeping close eye on banking group’s share price to ensure taxpayer does not lose out in public privatisation George Osborne will be scrutinising the share price of Lloyds Banking Group in the coming months as he prepares to sell off its shares to the public in what he has described as the biggest privatisation for 20 years.
The chancellor has been reducing the taxpayer stake in the bank by drip-feeding small quantities of shares on to the stock market when the price is above 73.6p,the level at which the taxpayer breaks even on its stake. Related: Lloyds bank share sale: all you need to know Related: Lloyds share sale attracts first-time investors, says Hargreaves Lansdown Continue reading...
Source: theguardian.com