LLOYDS Banking Group is set for a ?Tell Sid? style privatisation next year, with the public to be offered discounted shares in the State-backed bank.
Chancellor George Osborne is expected to outline details of the plan on Wednesday at his annual Mansion House speech.
The privatisation of Lloyds, 39 per cent owned by the taxpayer, could mirror the ?Tell Sid? British Gas privatisation of the Eighties.
The shares would be sold to the public at a discount to their true value, giving people the chance to make a tidy profit selling them.
Bonanza for the public in Lloyds discounted shares sell-off | UK | News | Daily Express
Excellent so we'll get the chance to pay for shares in the part of Lloyds that taxpayers have already paid for. The incentive being the government will give us discount on buying something we already paid for.... nice - Nothing like paying for something at least twice. I'd guess the majority of shares will be bought by banks so they can make more of a profit.
Chancellor George Osborne is expected to outline details of the plan on Wednesday at his annual Mansion House speech.
The privatisation of Lloyds, 39 per cent owned by the taxpayer, could mirror the ?Tell Sid? British Gas privatisation of the Eighties.
The shares would be sold to the public at a discount to their true value, giving people the chance to make a tidy profit selling them.
Bonanza for the public in Lloyds discounted shares sell-off | UK | News | Daily Express
Excellent so we'll get the chance to pay for shares in the part of Lloyds that taxpayers have already paid for. The incentive being the government will give us discount on buying something we already paid for.... nice - Nothing like paying for something at least twice. I'd guess the majority of shares will be bought by banks so they can make more of a profit.
forget and vote them back in with tax cuts
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