Investors will be offered the chance to buy discounted shares in Lloyds Banking Group, as George Osborne plans to sell taxpayers' stake in the bank sooner rather than later.
The Chancellor is getting ready to use his Mansion House speech in just ten days' time to announce the sale, capitalising on Lloyds' share price having more than doubled over the past year, according to the Mail on Sunday. The public will be offered the chance to buy the shares below the market price and at a level under that offered to big investment funds, with incentives built in to encourage people to hold them for a number of years, the Sunday Times reports. Lloyds shares closed at 62.3p on Friday, having soared from the 28.5p they stood at 12 months ago. Osborne is said to be...
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