Lloyds Banking Group
(asked on 29th January 2016) - View Source
Question to the HM Treasury:
To ask Her Majesty’s Government what is the expected timetable for the Lloyds Banking Group share offer.
This question was answered on 3rd February 2016
The government is committed to creating a share owning democracy in Britain. The Lloyds Banking Group share offer will help build that by giving the general public the chance to have a greater stake in our economy and encouraging long-term share ownership.
However, given ongoing events in financial markets, now is not the right time to sell shares to retail investors. We have always been clear that sales are dependent on market conditions and the timing of the offer will be kept under review in light of this.