Lloyds Banking Group, which was bailed out with £20.3bn by the government, has now returned to private ownership, netting the public purse nearly £900m in the process.
The government is now no longer the largest shareholder in Lloyds Bank the Treasury announced this morning, saying it had now recovered more than £18bn of the £20.3bn injected into the...
The government has now recovered over £17.5bn of the £20.3bn of taxpayers’ money injected into Lloyds during the financial crisis, the Treasury has announced.
The government has now recovered over £17bn of the £20.3bn of taxpayer money injected into Lloyds bank during the financial crisis, it has been announced.
Government plans to offer shares in Lloyds Banking Group to the public have been scrapped after chancellor Philip Hammond said that ongoing market volatility means it is “not the right time for a...
Government financial assets across banking, housing and student finance are placing an increasing risk to the public finances, the National Audit Office has warned.
George Osborne has announced a delay to completing the full sale of the government’s stake in Lloyds Banking Group due to “turbulence” in the global financial markets.
George Osborne has extended a government scheme to sell shares in Lloyds Banking Group as part of moves to fully privatise the firm, which was bailed out during the financial crisis.
The government has recouped nearly three-quarters of the money used to bailout Lloyds Banking Group following the sale of a further 1% of the firm’s shares.
UK Financial Investments is meant to be looking after the taxpayers’ massive stake in the country’s failed banks. But concerns are mounting about the Treasury agency’s ‘hands off’ approach. Paul...
