This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-32955695
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Lloyds retail share sale confirmed 'in next 12 months' | Lloyds retail share sale confirmed 'in next 12 months' |
| (about 2 hours later) | |
| The government has confirmed that it will launch a Lloyds share sale to the public "in the next 12 months". | |
| "Further details will be set out in due course," the Treasury added. | "Further details will be set out in due course," the Treasury added. |
| Mr Osborne has previously pledged to make some Lloyds shares available to small investors - at a discount to the market price - as part of the share sell-off. | Mr Osborne has previously pledged to make some Lloyds shares available to small investors - at a discount to the market price - as part of the share sell-off. |
| The government also said it would extend its plan to sell off shares in Lloyds to the end of the year. | The government also said it would extend its plan to sell off shares in Lloyds to the end of the year. |
| The scheme was originally due to end at the end of June, but will now finish on 31 December. | The scheme was originally due to end at the end of June, but will now finish on 31 December. |
| The Treasury said the extension of the sale would help it meet Chancellor George Osborne's pledge to sell a further £9bn Lloyds shares in 2015-16. | The Treasury said the extension of the sale would help it meet Chancellor George Osborne's pledge to sell a further £9bn Lloyds shares in 2015-16. |
| The government also announced on Monday that it had sold a further 1% of shares in the bank, taking its stake below 19%. | The government also announced on Monday that it had sold a further 1% of shares in the bank, taking its stake below 19%. |
| The government originally owned a 41% stake in the bank after ploughing £20bn into the bank during the 2008 financial crisis. | The government originally owned a 41% stake in the bank after ploughing £20bn into the bank during the 2008 financial crisis. |
| It started selling Lloyds shares in 2013, and the latest sale means it has now raised more than £10.5bn. | It started selling Lloyds shares in 2013, and the latest sale means it has now raised more than £10.5bn. |
| Mr Osborne said the share sell-off so far had been a "huge success" and said that extending the programme would help it to return more money to the taxpayer and help to reduce the national debt. | Mr Osborne said the share sell-off so far had been a "huge success" and said that extending the programme would help it to return more money to the taxpayer and help to reduce the national debt. |