Government no longer biggest Lloyds shareholder
The government has reduced its remaining shareholding in Lloyds Bank to less than 6% and below the level of the next largest shareholder, it announced today.
"Returning Lloyds to the private sector and recovering all of the cash the taxpayer injected into the bank during the financial crisis is a priority for the government."
The government has described the latest share sales, conducted through the trading plan, as "a significant milestone".
It has now recovered over £18 billion of the £20.3 billion taxpayers injected into Lloyds during the financial crisis.
The Chancellor of the Exchequer, Philip Hammond said: "Returning Lloyds to the private sector and recovering all of the cash the taxpayer injected into the bank during the financial crisis is a priority for the government.
"Confirmation that we are no longer the largest shareholder in the bank and that we’ve now recouped over £18 billion for UK taxpayers is further evidence that we are on track to recover all of the £20 billion injected into the bank during the financial crisis."
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