31-Dec-13
There are indications that , the UK government may be planning to sell its stake in Lloyds Banking Group in 2014 .
UK Financial Investments (UKFI), the Treasury unit that manages the government stake in Royal Bank of Scotland and Lloyds Banking Group , has been sold in the market, 6% of the bank 's issued share capital . Chancellor George Osborne has said that the government will soon begin selling its holdings of Lloyds Banking Group .
The month of 2013 during September , the British government has made one billion pounds to about 3.2 , or about 5.28 billion. British government owns about 33% of the bank 's shares and plans to sell its shareholding in the Group.
The National Audit Office said Wednesday that taxpayers through the sale of stake in Lloyds Banking Group suffered a loss of £ 230 m . The claim is directed by Osborne 's speech, he said that the Ministry of Finance to achieve profits through the sale of equity 60,000,000 pounds . George Osborne has written the date the taxpayer stake sale in September , the government had to sell Lloyds shares to make a profit of 6% at 75 pence.
In Lloyds shares closed at 78.84 pence on the London Stock Exchange Friday .
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