- 6 updates
Labour's shadow Chancellor Ed Balls has said he wants bailed out banks back in the private sector but would need to look more closely at a share sale.
Speaking on the Murnaghan show, he said: "I want Lloyds and RBS back in the private sector to get our money back to get the national debt down. Of course I do."
Chief Secretary to the Treasury Danny Alexander has criticised the Conservatives' proposal to sell shares in the bailed-out Lloyds bank.
Reacting to the Tories' pledge to offer cut-price Lloyds shares to small investors, shadow chief secretary to the Treasury Chris Leslie said:
Chancellor George Osborne says the Tories want to give more people "a stake" in the economy, as David Cameron prepares to unveil plans to offer up to £4 billion in cut-price Lloyds shares to small investors.
David Cameron has hailed the Conservatives' pledge to offer cut-price shares in Lloyds as another step towards "repairing our banks".
The Prime Minister is expected to say today: "The £20 billion bailout of Lloyds bank by the last Labour government became a symbol of the crisis that engulfed the British economy under Labour.
"After the public bailed it out, people feared they wouldn't see their money returned. Today they are."
"Today's announcement marks another step in the long journey we have been making repairing our banks, turning our economy around and reducing our national debt, only made possible by our long-term economic plan.
Mr Cameron again issued a call to voters not to "put all that progress at risk" by voting Labour, urging Britons to choose the Tories for a "brighter, more secure future".
The public will be offered the chance to buy up to £4 billion worth of shares in Lloyds Banking Group below market price if the Tories win the General Election, David Cameron is set to announce.
The Prime Minister will say that existing plans to sell a £9 billion tranche of the taxpayers' stake will include a "retail offer" with a proportion of the shares being reserved for sale at a discounted price.
Buyers who keep them for a year will be rewarded with a "loyalty bonus" of one additional free share for every 10 shares that they still hold.
Mr Cameron will also confirm that, with Lloyds shares closing at 78.75p on Friday, shares will be sold below the "in price" of 73.6p - a share paid by the previous Labour government when it bailed out the bank following the financial crash of 2008.
Buyers will receive a discount of at least 5% on the market price at the time of the sale, with priority being given to investors purchasing up to £1,000 worth of shares.
The minimum purchase will be £250 and there will be a maximum limit of £10,000.