Govt sells 6% Lloyds stake

The Government has sold a 6 per cent stake in Lloyds Banking Group for £3.21 billion at a share price of 75p.

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Labour: 'Vital that taxpayers get their money back'

Labour has called on the Government to ensure taxpayers get their money back when they sell off six per cent of Lloyds Banking Group.

Chris Leslie, Labour's shadow financial secretary to the Treasury, said:

“It’s vital that taxpayers get their money back and this must be the prime consideration in the sale of the government’s stakes in the banks.

"And as Labour has consistently said any profits from the sale should be used to repay the national debt."

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