Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, when he plans to launch the next Lloyds Bank share offer; and what incentives he plans to include in that offer to encourage small shareholders to retain shares that they purchase.

The government is committed to launching a retail sale of Lloyds Banking Group shares and to fully returning its stake to the private sector in 2016-17.

Those applying to invest less than £1,000 will be prioritised. Members of the public will be offered a discount on the market price and, to encourage long term share ownership, investors who hold their shares for more than a year will be entitled to bonus shares.