The Economic Secretary to the Treasury (Harriett Baldwin)
Further to the statement provided to the House on 2 June 2015 [HCWS10], the Chancellor has announced that the trading plan to sell part of the Government’s shares in Lloyds Banking Group will be extended. We will stop the plan before the launch of the Government’s retail sale of Lloyds shares.
The extension of the plan is a further step in returning Lloyds to the private sector and reducing our national debt. A statement will be laid before Parliament with further details at the end of the plan.
[HCWS358]