The UK government, which had to purchase £20.3 billion worth of shares in Lloyds Banking Group in 2008 as the financial crises began to bite, has announced today that it has sold £19.5 billion worth of these.
The move means the government now owns less than 3% of the banking group, which includes Bank of Scotland, Halifax, and Lloyds Bank.
Source Moneywise http://ift.tt/2mIIBwP
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