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Election 2015: Cameron wants to sell Lloyds shares to public

April 19, 2015 6:17 pm

Up to £4bn worth of Lloyds Bank shares will be offered to small investors at below-market prices if the Conservatives win the election, David Cameron has confirmed to the BBC.

The offer would be part of the £9bn sale of shares in the bailed-out bank announced in the Budget in March.

Mr Cameron said it would “help us recover billions more to pay down the national debt”.

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Labour said the Tories had announced the plans at least seven times before.
Shadow Chancellor Ed Balls said he would be “happy to have a look at” the plan as long as it was not which would lead to big institutional investors “making a killing”.

The Liberal Democrats said the idea had been looked at by the coalition government but decided against because it was not clear the money could be recouped for the taxpayer.

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