Chancellor meets Lloyds staff after government share sell

In a speech to assembled Lloyds Banking Group staff in Birmingham, Chancellor George Osborne thanked employees for putting up with "difficult decisions" and job restructuring since the 2008 government bailout.

On the Government's six per cent share sale today, the Conservative said that the Treasury achieved a "good price", making a £61 million profit for the taxpayer.

Lloyds Banking Group chief executive boss António Horta-Osorio added that he is "delighted" the Government has taken the opportunity to start selling its bank stake.

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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.