Latest Lloyds stake sale recovers further £500m
by Angela Monaghan from Economics | The Guardian on (#5SRF)
Government reduces Lloyds stake to 22% bringing total recouped from bailed-out bank to 9bn
The government has made another 500m from selling part of its stake in bailed-out Lloyds Banking Group.
The selloff reduces the government share of the group from 23% to just under 22%.
We have raised a further 500m through Lloyds share sales. 9bn now recovered & being used to pay down our national debt
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