Lloyds Banking Group
(asked on 1st February 2017) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, when he expects the Government's stake in Lloyds Bank to be returned to the private sector.
This question was answered on 6th February 2017
Since the Government’s decision to sell its stake in Lloyds Banking Group, the Government has recovered over 90% of the money taxpayers injected into the bank during the financial crisis‎.
The Government is on track to return the Lloyds Banking Group fully to the private sector as set out when the trading plan was launched in October 2016. Following recent sales, the Government has reduced its shareholding to less than 5%.